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A STUDY ON THE STATE OF INDIAN CIVIL AVIATION INDUSTRY
Authors
CMA DR. SAMYABRATA DAS
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Keywords
(Keywords: APT, ASK, ATF, Civil Aviation, RPK)
Abstract
Abstract
The role of civil aviation sector of a nation as a facilitator of social, economic, and cultural exchanges needs no exaggeration. Civil aviation plays a central role in the world trade. It acts as a catalyst to the tourism industry. It aids in the generation of employment directly and indirectly. As such, it contributes considerably to the economic growth of a country. In the last two and half decades, the Indian aviation industry has evolved from being highly regulated to a more market-driven sector because of liberalised aviation policies. In this background, the core objectives of the study are (a) To throw light on the current position of the civil aviation sector of India; and (b) To portray the future road-map of Indian civil aviation sector. The study is based on secondary data which have been obtained from different sources like journals, magazines, newspapers, reports, web resources etc. It is evident from the study that Air Passenger Traffic (APT) in India, both domestic and international, registered a positive growth from 2013-14 to 2016-17. During the period between 2006-07 and 2016-17 the capacity, measured in terms of available seat kilometre (ASK), in the domestic market recorded a compound annual growth rate (CAGR) of 7.58%. At the same period, the demand, measured in terms of revenue passenger kilometre (RPK), witnessed a CAGR of 10.03%. It is seen that in all the years SpiceJet registered the highest PLF for scheduled domestic operations. PLF less than break-even load factor (BELF) signifies that the airline is incurring losses. It is seen that in all the years IndiGo and GoAir were operating at a PLF higher than BELF. The Air Turbine Fuel (ATF) consumption registered a CAGR of 5.83% from 2006-07 to 2016-17. Financial performance of the sector is gloomy. Only IndiGo and GoAir registered operating profit in 2014-15 and 2015-16. Problems are ample, but opportunities are enormous as well. It is absolutely essential that the players in the civil aviation space of the nation view these challenges as opportunities and act accordingly for the overall development of the aviation sector.
IJCRT's Publication Details
Unique Identification Number - IJCRT1812738
Paper ID - 187509
Author type - Indian Author
Page Number(s) - 750-759
Pubished in - Volume 6 | Issue 2 | April 2018
DOI (Digital Object Identifier) -
No Of Downloads - 1164
Author Country - 700107, India, Kolkata, Kolkata, India, Commerce
Publisher Name - IJPUBLICATION | www.ijcrt.org | ISSN : 2320-2882
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CMA DR. SAMYABRATA DAS, "A STUDY ON THE STATE OF INDIAN CIVIL AVIATION INDUSTRY", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.6, Issue 2, pp.750-759, April 2018, Available at :http://www.ijcrt.org/papers/IJCRT1812738.pdf
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