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Abstract
The last decade is vulnerable for the civil aviation business in India which has seen considerable changes in operations due to economic downturns and high fuel prices. These changes also caused air carriers in India to incur significant losses especially in civil aviation sector. The present condition is exposed to high risk and the industry is in distress Condition as revealed by various reports and media sources. This sector is experiencing bad conditions to huge changes in Economic Environment, downturns and Market Variation. Passenger load factor is an important parameter for the assessment of the performance of any transport industry (Airlines Industry). It is considered as an performance indicator directly linked to the financial performance, financial health and profitability of transportation companies. Almost all airlines companies have high fixed costs, and these costs can only be recovered through selling tickets. In this context, they often calculate a load factor at which the airline will break even; this is called the break-even load factor.In light of the above, an attempt is made to calculate the passenger load factor, financial health of the companies using appropriate model for selected civil aviation companies in India. This study is carried out for a period of ten years i.e from 2007-2016.