IndiGo increases market share in October while other airlines decrease
IndiGo had the highest market share in October touching 40% of the total scheduled domestic flights in India.
- IndiGo's market share stood at 38.3% for Q2 FY18.
- Total number of passengers carried by airlines in October was 1.04 crore.
- Passengers carried during the month by IndiGo amounted to 41.33 lakh.
India’s aviation major, IndiGo, increased its market share of scheduled domestic flights in the month of October as most other airlines saw a marginal decline.
Market share of IndiGo stood at 39.5% in the month as compared to 38.2% in the month of September, Directorate General of Civil Aviation reported on Friday.
For the quarter ending September 30, the airline’s on average market share stood at 38.3%.
Passengers carried during the month by IndiGo amounted to 41.33 lakh.
The beginning of the tourist season which starts from the month of September on the back of festive cheer in India has not boded well with other airlines that reportedly reduced the fares of domestic flights.
Air India, Jet Airways, Jet Lite, SpiceJet, AirAsia and Vistara were among the airlines that saw marginal decline in market share during the month.
Even IndiGo’s market share was lower than the year ago period when it had crossed 42% in October 2016.
Total number of passengers carried by private airlines and Air India was 1.04 crore. This was 86.72 lakh in October 2016.
“Passengers carried by domestic airlines during Jan-Oct 2016 were 813.70 lakhs as against 660.60 lakhs during the corresponding period of previous year thereby registering a growth of 23.18 %,” DGCA said.
SpiceJet once again topped passenger load factor for the month of October with a PLF of 93.7%. However, its PLF had declined from the previous month of 94.2%.
In on-time performance, IndiGo once again led with an OTP of 83.9% of its flights arriving on time at metro airports of - Bangalore, Delhi, Hyderabad and Mumbai.
Spicejet ranked second.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.