India’s domestic air passenger market is expected to double its size by 2030 from the pre-pandemic level, aircraft manufacturer Boeing said today.
“We saw a 55 per cent decrease in domestic passenger traffic through 2020. Our forecasts are showing that during the next 10 years, by 2030, Indian domestic market is expected to double the size of the 2019 market. It is quite remarkable,” said David Schulte, managing director of Regional Marketing, Boeing Commercial Airplanes.
If we compare the Indian domestic traffic today to the 2020 normal levels, we are seeing today’s traffic at about 76 per cent to those levels, he stated during the press briefing on commercial market outlook for India.
Indian airline companies, just like their global peers, have been badly hit due to the pandemic-induced crisis. To survive these tough times, all Indian carriers took cost cutting measures like firings or pay cuts in 2020.
Mr Schulte noted that there would be demand for more than 2,200 new commercial aircraft in the next 20 years in India due to “growing economy and expanding middle class”.