India Becomes World’s 3rd largest Domestic Airline Market: OAG Report

Current Context: India is now the world's third-largest domestic airline market according to a recent report by OAG (Official Airline Guide), an aviation analytics firm. This is a significant jump from its fifth position a decade ago.

• Here's a breakdown of the key points:
• Growth Surge: India's domestic airline capacity has doubled in the last ten years, reaching 15.5 million seats in April 2024.
• Surpassing Competition: This growth has allowed India to surpass Brazil and Indonesia, who now hold the fourth and fifth positions respectively.
• Dominance of Low-Cost Carriers: The report highlights the dominance of low-cost carriers (LCCs) in the Indian market. LCCs make up a whopping 78.4% of domestic airline capacity, the highest share among the top five markets.
• IndiGo's Lead: IndiGo, a major Indian LCC, has been a key driver of this growth. Their market share has nearly doubled from 32% to 62% in the last decade.

Question:

1 Which country has recently become the world's third-largest domestic airline market according to OAG (Official Airline Guide)?

• A) Brazil
• B) India
• C) Indonesia
• D) China

Answer: B) India is now the world's third-largest domestic airline market according to a recent report by OAG (Official Airline Guide), an aviation analytics firm.