Aviation Business Getting Gloomy

By Editorial Team 26/09/2019
Summary

The low number of passengers has dimmed the aviation business prospects. Based on the results of research from the University of Indonesia’s Institute of Economic and Community Research (LPEM UI), the number of airplane passengers in Indonesia will plunge from 111 million in 2018 to only 21 million this year.

According to the Head of the Digital Economics and Behavioral Economics Study Group at LPEM UI, Chaikal Nuryakin, the projection refers to a decrease in the number of aircraft passengers in the first quarter of 2018 and 2019. He said the number of airplane passengers has been declining by 1.8 million people per month since the beginning of this year. One of the triggers is the rise in ticket prices for domestic routes, which has doubled from the previous price.

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