| Basis of Difference | Rail Transport | Air Transport |
| Speed | It is not as fast as air transport. | It is the fastest mode of transport. |
| Carrying capacity | It has a huge carrying capacity. | Its carrying capacity is limited. |
| Transport charges | Transport charges are comparatively low | It is the costliest mode of transport. |
| Ownership | It is owned by the government. | It is owned by both public and private sectors. |
| Distance | It is suitable for both short and long distances. | It is suitable for long distances. |
| Means of transport | Passenger and goods trains | Aeroplanes, helicopters, jets, etc. |