Air fuel and oil accounted for the most significant expense in the aviation industry in the financial year 2023, followed by flights equipment maintenance and overhaul with around 14 percent of the total expenditure. Additionally, flight crew salary and expenses accounted for 4.9 percent of 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 31, 2024). Distribution of cost structure in the Indian aviation industry in financial year 2023 [Graph]. In Statista. Retrieved December 03, 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 2023." Chart. July 31, 2024. Statista. Accessed December 03, 2024. https://www.statista.com/statistics/644008/aviation-industry-cost-breakdown-india/
DGCA (India). (2024). Distribution of cost structure in the Indian aviation industry in financial year 2023. Statista. Statista Inc.. Accessed: December 03, 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 2023." Statista, Statista Inc., 31 Jul 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 2023 Statista, https://www.statista.com/statistics/644008/aviation-industry-cost-breakdown-india/ (last visited December 03, 2024)
Distribution of cost structure in the Indian aviation industry in financial year 2023 [Graph], DGCA (India), July 31, 2024. [Online]. Available: https://www.statista.com/statistics/644008/aviation-industry-cost-breakdown-india/