印度航空运输行业市场前景及投资研究报告-培训课件外文版2024.6

INDUSTRIES

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MARKETSAirtransportationinIndiaCHAPTER

01MarketoverviewNumberofaircraftmovementsatIndianairportsfromfinancialyear2014to2022,bytype(inmillions)AircraftmovementsatairportsIndiaFY2014-2022,bytypeDomesticInternational0.453.02.50.430.372.00.440.40.211.550.381.51.00.50.00.351.260.341.20.131.062.152.152.141.81.651.42FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY20233Description:Inthefinancialyear2023,Indianairportsreportedaround2.5millionaircraftmovements.Therewasasignificantdecreasein2021incomparisonwithpreviousyears.Thedropinaviationfigureswasmainlyduetotherestrictiveregulationspertainingtoairtravelimposedduringthecoronaviruspandemic.ReadmoreNote(s):India;FY2014toFY2022Source(s):AirportsAuthorityofIndiaDomesticmarketshareofairlinesacrossIndiainfinancialyear2023,bypassengerscarriedDomesticmarketshareofairlinesacrossIndiaFY2023,bypassengerscarriedDomesticmarketshare30%0%10%20%40%50%60%IndiGoVistara54.7%10.4%9.3%8.4%8.4%AirIndiaSpicejetGoAirAirAsiaAkasaAirOthers7%1.1%0.7%4Description:India’saviationsectorhadincreasinglyemergedasafast-growingindustry.Thesectorhadestablisheditselfasanaffordableandcrediblealternativetothetediousandlongjourneysviaroadorrail.Withavisiblegrowthtrend,itwasestimatedthatby2034,Indiawouldbecomeoneofthelargestaviationmarketsintheworld.Asoffinancialyear2023,thepassengercarrierIndiGowastheleaderinthesegmentwitharound54.7percentinthemarket.

ReadmoreNote(s):India;FY2023Source(s):DGCA(India)TotalnumberofairlineemployeesinIndia'saviationindustryinfinancialyear2022,byemployeetypeNumberofaviationemployeesinIndianscheduledairlinesFY2022,byemployeetypeNumberofemployees10,000

15,00005,00020,00025,00030,00035,00032,172OtherpersonnelCabincrew13,296Pilotsandco-pilots8,508MaintenanceandoverhaulpersonnelTicketingandsalespersonnelOtherflightcrew5,1302,8203045Description:ThescheduledIndianaviationindustryhadover62.2thousandairlinepersonnelinfinancialyear2022.IndiGohadthehighestpercentageofthistotalpersonnelemployedinitsprivateairlinesinthatyear.Itemployedovernearly26thousandpersonnel,amongwhichmorethan3.7thousandwerepilotsandco-pilots.ReadmoreNote(s):India;FY2022;ScheduledairlinesSource(s):DGCA(India)BusiestairportsinIndiainfinancialyear2023,basedonaircraftmovements(in1,000s)LeadingairportsinIndiaFY2023,basedonaircraftmovementsNumberofaircraftmovementsinthousands050100150200250300350400450500IndiraGandhiInternationalAirport(Delhi)ChhatrapatiShivajiInternationalAirport(Mumbai)KempegowdaInternationalAirpor(Bangalore)RajivGandhiInternationalAirport(Hyderabad)ChennaiInternationalAirport(Chennai)429.96290.39223.22158.75137.69137.3NetajiSubhasChandraBoseInternationalAirport(Kolkata)SardarVallabhbhaiPatelInternationalAirport(Ahmedabad)PuneInternationalAirport(Pune)80.0359.45CochinInternationalAirport(Cochin)58.2856.9GoaInternationalAirport(Goa)6Description:Attheendoffiscalyear2023,IndiraGandhiInternationalAirportwastheleadingairportbasedonthenumberofaircraftmovements,withcloseto430thousandaircraftmovementsacrossIndia.Thecivilaviationindustryhaswitnessedfastgrowthintherecentyears.ThesouthAsiancountrybecamethethirdlargestdomesticaviationmarketacrosstheglobeandwasestimatedtoovertaketheUnitedKingdom,tobecomethethirdlargestoverallairpassengermarketin2024.

ReadmoreNote(s):India;FY2023Source(s):AirportsAuthorityofIndiaNumberofRegionalConnectivityScheme-UdeDeshkaAamNagrik(RCS-UDAN)routesoperationalizedinIndiaasofFebruary2024NumberofRCS-UDANroutesoperationalized2024,bystageNumberofroutesoperationalized0100200300400500600UDAN1.0UDAN2.0UDAN3.0UDAN4.0UDAN4.1UDAN4.3UDAN5.0UDAN5.1Total565415216544103465297Description:UndertheRegionalConnectivityScheme-UdeDeshkaAamNagrik(RCS-UDAN)scheme,atotalof529routeswereoperationalizedinIndia.With163routes,thethirdstageoftheschemehadthemostoperationalroutes.Theseroutescomprisedairplaneaswellashelicopters.ReadmoreNote(s):India;February22,2024Source(s):AirportsAuthorityofIndiaCHAPTER

02FleetTotalaircraftfleetofscheduledIndianoperatorsfromfinancialyear2015to2022TotalaircraftfleetofscheduledIndianoperatorsFY2015-20228007006005007106986916744484094003002001000FY2015FY2016FY2019FY2020FY2021FY20229Description:Therewere674aircraftinIndiawiththescheduledIndianoperatorsinfiscalyear2022.TherewasacontinuousincreaseinthenumberofaircraftregisteredinIndiauntil2020,mostlyduetotheimpactonaviationindustryfromthecoronaviruspandemic.MostaircraftsregisteredweremadebyBoeingorAirbus.ReadmoreNote(s):India;FY2015toFY2022Source(s):DGCA(India)ForecastedfleetsizeoftheaviationmarketinIndiafrom2021to2024withestimatesof2034,byaircrafttype(inunits)FleetsizeoftheaviationmarketinIndia2021-2033,byaircrafttypeRegionaljetWidebodyTurbopropNarrowbody1,8001,6001,4001,2001,000800600400200020212022202320242034*10Description:In2024,aviationcompaniesinIndiahadatotalof610aircraft,asignificantportionofwhichwerenarrow-bodyaircraft.Bytheyear2034,thenumberofnarrow-bodyaircraftwoulddoubletomorethan1.25thousandunitsfrom2021.Thiswasfollowedbyturbopropandwidebodytypeaircraftrespectively.ReadmoreNote(s):India;2021to2024;*estimatedvalues.ReadmoreSource(s):OliverWymanNumberofaircraftsofIndianscheduledoperatorsasofMarch2022,byairlineNumberofIndianaircraftinservice2022,byairlineNumberofaircrafts150050100200250300IndiGoAirIndia275117SpiceJet90GoAir58Vistara50AirAsia2824AirIndiaExpressAllianceAirBlueDartStarAir1865FlyBig2AirTaxi111Description:IndiGo,thescheduledairlineoperator,hadthehighestnumberofaircraftinIndiawithabout275aircraftasofMarch2022.FollowingIndiGo,AirIndiahad117aircraftinthesameperiod.IndiGowasalow-costprivateairlineoperator,whereasAirIndiawaspreviouslyastate-ownedenterpriseandlaterwassoldtoTataGroup.ReadmoreNote(s):India;asofMarch31st,2022Source(s):DGCA(India)FleetcompositionofairlinesinIndiaasofMarch31st,2022,byaircrafttypeFleetcompositionofairlinesinIndia2022,byaircrafttypeNumberofaircraftsA319ATR72B737-700B777-200LRA320ATR500B737-700F*B777-300ERA320-200ATR600B737-800B787A320-232ATR72-212AB737-800F*B787-9A321A321-271B737B747-400EMB145LRA340*ATR72-600B737-900ERDH8B737MAXB757-200*TECNAM-P2006T050100150200250300IndiGoAirIndiaSpiceJetGoAirVistaraAirAsiaAirIndiaExpressAllianceAirBlueDartStarAirFlyBigAirTaxi12Description:AsofMarch,2022,IndiGohadthebiggestfleetamongallIndianairlines,with275aircrafts.ItwasmostlymadeupbyAirbus'A320-200.IndiGowasfollowedbyAirIndia,ownedbyTataGroupsince2022,with117aircrafts.A320-200isanarrowbodyaircraftwithtypicalrangeof6,100kilometerswith150passengers.ReadmoreNote(s):India;asofMarch31st,2022;Scheduledoperators;*cargoaircraftsReadmoreSource(s):DGCA(India)CHAPTER

03PassengertransportDomesticpassengerkilometersforscheduledIndianairlinesfromfinancialyear2014to2023(inbillions)DomesticpassengerkilometersforscheduledIndianairlinesFY2014-2023160136.68134.88140132.09117.0412010080604020098.6480.9681.7867.0259.1452.93FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY202314Description:Infiscalyear2023,thedomesticpassengerkilometersforscheduledairlinesinIndiawasaround132.1billion.Itincreasedbymorethan61percentinthepreviousfiscalyear.Thissignificantincreasewasduetothetravelrecoveryfromthecoronaviruspandemic.ReadmoreNote(s):India;FY2014toFY2023Source(s):DGCA(India);ICAONumberofpassengershandledatairportsinIndiafromfinancialyear2014to2023,bytype(inmillions)PassengertrafficatIndianairportsFY2014-2023,bytypeDomesticInternational69.484003503002502001501005066.5456.9465.4759.2854.6622.09166.850.846.62122.3275.22274.51270.34243.2810.13205.68169.29139.33105.250FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY202315Description:InIndia,therewereover400airportsandairstrips,while136wereoperational.Passengertrafficamountedtoover327millionatairportsacrossIndiainfinancialyear2023,outofwhichcloseto57millionwereinternationalpassengers.However,therewasadropintrafficofboththedomesticandinternationalpassengersin2021.Thiswasbecauseofsuspendedpassengerairtravelduetothecoronavirus(COVID-19)pandemicsincethesecondhalfofMarch2020.

ReadmoreNote(s):India;FY2014toFY2023Source(s):AirportsAuthorityofIndiaNumberofpassengerstravelingfromIndiainfinancialyear2023,byleadingdestination(inmillions)PassengertrafficfromIndiaFY2023,byleadingdestinationPassengerscarriedinmillions012345678910UnitedArabEmirates*SingaporeSaudiArabiaQatar9.332.162.041.871.68ThailandUnitedKingdomOman1.241.22MalaysiaKuwait0.980.93UnitedStatesBahrain0.70.680.640.63SriLankaGermany16Description:Inthefiscalyearof2023,thehighestpassengertrafficthatflewfromIndiaonalldomesticandinternationalairlineswastotheUnitedArabEmirates,withover9.3millionpassengers.Singaporewasondistantsecondwithpassengertrafficjustover2.1million.ReadmoreNote(s):India;FY2023Source(s):DGCA(India);Varioussources(variousairlines)TotalnumberofpassengerstravelingfromandtoIndiainfinancialyear2023,bydomesticcarriers(in1,000s)PassengerstravelingfromandtoIndiaFY2023,bydomesticcarriersPassengerscarriedinthousandsFromIndia2,000ToIndia2,50005001,0001,5003,0003,5004,0004,5005,0004,388.314,150.84IndiGoAirIndia3,438.943,307.442,160.251,937.84AirIndiaExpressSpiceJet997.38913.8665.88599.91GoAir651.99640.09VistaraAirlinesAliianceAir2.93.2617Description:Duringfinancialyear2023,IndiGocarriedthehighestnumberofpassengerstoIndia,amountingtonearly4.2million.Ontheotherhand,AirIndiatransported3.4millionpassengersfromIndia.OtherdomesticcarriersSpiceJet,GoAirandVistarafolloweddistantly.ReadmoreNote(s):India;FY2023Source(s):DGCA(India);Varioussources(Variousairlines)LeadingairportsacrossIndiainfinancialyear2023,bynumberofpassengershandled(inmillions)BusiestIndianairportsFY2023,bynumberofpassengershandledTotalpassengershandled(inmillions)10

200304050607065.33IndiraGandhiInternationalAirport(Delhi)ChhatrapatiShivajiInternationalAirport(Mumbai)KempegowdaInternationalAirpor(Bangalore)RajivGandhiInternationalAirport(Hyderabad)ChennaiInternationalAirport(Chennai)43.9331.912118.5717.77NetajiSubhasChandraBoseInternationalAirport(Kolkata)SardarVallabhbhaiPatelInternationalAirport(Ahmedabad)CochinInternationalAirport(Cochin)10.148.818.368.01GoaInternationalAirport(Goa)PuneInternationalAirport(Pune)18Description:Inthefinancialyearof2023,IndiraGandhiinternationalairport,servingthenationalcapitalregionofDelhi,handledmorethan65millionpassengers.Theaviationindustryinthecountryhasgrowndrasticallyoverthelastdecade,withthedomesticairtravelmarketwitnessingthefastestgrowthworldwide.However,therewasadropofmorethan66percent,inthetotalnumberofpassengershandledonayear-over-yearbasis,inthefinancialyear2021.Low-costcarrierssuchasIndigoand[...]

ReadmoreNote(s):India;FY2023;includingbothinternationalanddomesticpassengersSource(s):AirportsAuthorityofIndiaIndia'sbusiestairportsinfinancialyear2023,basedonnumberofdomesticpassengershandled(inmillions)LeadingIndianairportsFY2023,bynumberofdomesticpassengersDomesticpassengershandledinmillions0510152025303540455049.6855IndiraGandhiInternationalAirport(Delhi)ChhatrapatiShivajiMaharajInternationalAirport(Mumbai)KempegowdaInternationalAirpor(Bangalore)RajivGandhiInternationalAirport(Hyderabad)NetajiSubhasChandraBoseInternationalAirport(Kolkata)ChennaiInternationalAirport(Chennai)32.7228.1317.5815.813.71SardarVallabhbhaiPatelInternationalAirport(Ahmedabad)GoaInternationalAirport(Goa)8.67.897.87PuneInternationalAirport(Pune)LokpriyaGopinathBordoloiInternationalAirport(Guwahati)5.0419Description:IndiraGandhiInternationalAirport,Delhi,wasbyfarthebusiestairportinIndiafordomestictravelinfinancialyear2023,withcloseto50millionpassengers.ItwasfolloweddistantlybyChhatrapatiShivajiMaharajInternationalAirportinMumbai.Duetothecoronavirus(COVID-19)pandemic,thenumberofpassengersdroppedsignificantlyfrom2020to2021.ReadmoreNote(s):India;FY2023Source(s):AirportsAuthorityofIndiaCHAPTER

04FreighttransportAirfreighthandledatIndianairportsfromfinancialyear2014to2022,bysector(inmillionmetrictons)AirfreighttrafficatIndianairportsFY2014-2022,bysectorDomesticInternational4.03.53.02.52.22.012.141.861.961.862.01.51.00.50.01.661.541.521.441.361.351.281.211.181.121.050.990.950.84FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY202321Description:ThetotalfreighttonnagehandledatIndianairportsinfinancialyear2023wasat3.15millionmetrictons.Themajorityofthiswasinternationalfreight.Threemajorairports,namelyIndiraGandhiInternationalAirportinDelhi,ChhatrapatiShivajiInternationalAirportinMumbai,andKempegowdaInternationalAirportinBengaluru,handlednearlyhalfoftheairfreightofthecountry.ReadmoreNote(s):India;FY2014toFY2022Source(s):AirportsAuthorityofIndiaVolumeofdomesticfreightcarriedbyIndianairlinesfromfinancialyear2013to2023(in1,000metrictons)VolumeofdomesticfreightcarriedbyIndianairlinesFY2013-2023800700721.58703.49664.73660.02601.8590.79580.76005004003002001000564.54505.28443.96368.87FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY202322Description:ThevolumeofdomesticfreightcarriedbyscheduledairlinesacrossIndiainfiscalyear2023wasaround665thousandmetrictons.Therewasanincreaseinthefreightvolumebyaround15percentincomparisontothepreviousyear.

ReadmoreNote(s):India;FY2013toFY2023;scheduledIndianairlinesSource(s):DGCA(India);ICAOLeadingairportsinIndiainfinancialyear2023,byvolumeoffreight(in1,000metrictons)LeadingIndianairportsFY2023,byvolumeoffreightFreightvolumeinthousandmetrictons0100200300400500600700800900895.921,000IndiraGandhiInternationalAirport(Delhi)ChhatrapatiShivajiInternationalAirport(Mumbai)KempegowdaInternationalAirport(Bangalore)ChennaiInternationalAirport(Chennai)776.93410.31342.74RajivGandhiInternationalAirport(Hyderabad)NetajiSubhasChandraBoseInternationalAirport(Kolkata)SardarVallabhbhaiPatelInternationalAirport(Ahmedabad)CochinInternationalAirport(Cochin)142.43136.0292.3456.7739.3722.82PuneInternationalAirport(Pune)LokpriyaGopinathBordoloiInternationalAirport(Guwahati)23Description:Attheendofthefinancialyear2023,IndiraGandhiInternationalAirport,servingthenationalcapitalregionofNewDelhiinIndia,withcloseto896thousandmetrictons,wastheleadingairportintermsoftotalfreighthandled.ThevolumeofairfreightatNewDelhiairportdroppedbyaround1.5percentonayear-over-yearbasisfromfinancialyear2022to2023.Thecapital’sinternationalairportwasalsotheleadingairportintermsofthenumberofpassengershandled.

ReadmoreNote(s):India;FY2023Source(s):AirportsAuthorityofIndiaMostpopularinternationalcargocarriersinIndiainfinancialyear2023,byfreightarrivalvolume(in1,000metrictons)LeadinginternationalcargocarriersinIndiaFY2023,byairfreightarrivalvolumeAirfreightinthousandmetrictons020406080100120AerologicQatarAirwaysCathayPacific108.7776.2172.11EmiratesAirlineTurkishAirlinesSingaporeAirlinesLufthansa62.8835.5727.4724.7223.17ThaiAirwaysFederalExpressBritishAirwaysUnitedParcelServicesEtihadAirlinesAirFrance16.5214.8613.0212.5911.3124/statistics/648268/most-popular-international-freight-india-by-arrivalsDuringfinancialyear2023,Aerologiccarriednearly108.7thousandmetrictonsofairfreighttoIndiaandwasthelargestinternationalairfreightcarrierinIndia.QatarAirwayswasonthesecondspot,withavolumeofover76.2thousandmetrictons.ReadmoreNote(s):India;FY2023Source(s):DGCA(India);ICAOLeadinginternationalcargocarriersfromIndiainfinancialyear2023,byfreightvolumedepartures(in1,000metrictons)LeadinginternationalcargocarriersinIndiaFY2023,byfreightvolumedeparturesFreightvolumeinthousandmetrictons020406080100120EmiratesAirlineAerologic108.01100.9298.84QatarAirwaysTurkishAirlinesFederalExpressCathayPacificSingaporeAirlinesBritishAirwaysUnitedParcelServicesEtihadAirlinesSaudia36.8436.1232.1428.7528.5625.6524.1720.118.7416.85ThaiAirwaysLufthansa25Description:Withadeparturefreightvolumeofover108thousandmetrictons,EmiratesAirlineswasthemostpopularinternationalfreightcargocarrierfromIndiainthefinancialyearof2023.Aerologicwasinsecondplace,withadeparturefreightvolumeofcloseto101thousandmetrictons.ReadmoreNote(s):India;FY2023Source(s):DGCA(India);ICAOCHAPTER

05MarketplayersMarketshareofmajorairlinesinIndiainfinancialyear2023,basedoninternationaltrafficLeadingairlinesinIndia2023,byinternationaltrafficMarketshare8%0%2%4%6%10%12%14%16%18%IndiGoAirIndia15.7%12.4%EmiratesAirlineAirIndiaExpressSingaporeAirlinesQatarAirwaysSpiceJet9.8%7.5%3.7%3.7%3.5%3.3%AirArabiaEtihadAirlinesVistaraAirlinesGoAir2.4%2.4%2.3%Saudia2.1%GulfAirLufthansaSriLankanAirways1.8%1.7%1.7%27Description:IndiGoheldaround15.7percentoftheinternationalairlinesmarketduringfinancialyear2023,outofthe83scheduledinternationaloperatorsacrossIndia.Emiratesheldalmost9.8percentoftheinternationalmarketinthesouthAsiancountry,whereastheairlinewasrankedasthefourthleadingairlineworldwidebasedonbrandvalue.ReadmoreNote(s):India;FY2023Source(s):DGCA(India)NumberofemployeesinscheduledIndianairlinesinfinancialyear2022,byairlineoperatorNumberofemployeesinscheduledIndianairlinesFY2022,byoperatorNumberofemployees15,00005,00010,00020,00025,00030,000IndiGoSpiceJet26,16412,177AirIndia7,120GoAir5,2254,206VistaraAirAsia2,911AirIndiaExpressBlueDartAllianceAirFlyBig1,4451,190849532394StarAirAirTaxi

1728Description:Thelow-costIndianairlineoperatorIndiGoemployedthemostnumberofpeopleofabout26thousandinfinancialyear2022.Thisairlinehadthehighestnumberofpilotsandco-pilotsofover3.7thousandemployeesinthatyear.

ReadmoreNote(s):India;FY2022Source(s):DGCA(India)lnterGlobeAviationLimited's(IndiGo)financialperformancefromfinancialyear2015to2023(inbillionIndianrupees)Financialperforman