Air fuel and oil accounted for the biggest expense in the aviation industry in the financial year 2022, followed by depreciation and amortization expenses with over 18 percent of the total expenditure. Additionally, flight crew salary and expenses accounted 6.9 percent to the total expenditure.
Aviation industry in India
Despite the long history of the air transportation industry in India, the real growth of the sector came after market liberalization in the ‘90s. After three decades of development, it has become one of the biggest aviation markets in the world. In the passenger aviation sector, it was dominated by private low-cost carriers, including IndiGo and SpiceJet. An industry estimate suggests that by 2033, the Indian aviation industry will boast a fleet of nearly 1.4 thousand aircraft to meet its increasing demand.
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DGCA (India). (July 24, 2023). Distribution of cost structure in the Indian aviation industry in financial year 2022 [Graph]. In Statista. Retrieved June 18, 2024, from https://www.statista.com/statistics/644008/aviation-industry-cost-breakdown-india/
DGCA (India). "Distribution of cost structure in the Indian aviation industry in financial year 2022." Chart. July 24, 2023. Statista. Accessed June 18, 2024. https://www.statista.com/statistics/644008/aviation-industry-cost-breakdown-india/
DGCA (India). (2023). Distribution of cost structure in the Indian aviation industry in financial year 2022. Statista. Statista Inc.. Accessed: June 18, 2024. https://www.statista.com/statistics/644008/aviation-industry-cost-breakdown-india/
DGCA (India). "Distribution of Cost Structure in The Indian Aviation Industry in Financial Year 2022." Statista, Statista Inc., 24 Jul 2023, https://www.statista.com/statistics/644008/aviation-industry-cost-breakdown-india/
DGCA (India), Distribution of cost structure in the Indian aviation industry in financial year 2022 Statista, https://www.statista.com/statistics/644008/aviation-industry-cost-breakdown-india/ (last visited June 18, 2024)
Distribution of cost structure in the Indian aviation industry in financial year 2022 [Graph], DGCA (India), July 24, 2023. [Online]. Available: https://www.statista.com/statistics/644008/aviation-industry-cost-breakdown-india/