New airlines garner 40% share

New Delhi: It's the season of major upheavals in the Indian skies. Riding on their low-fare strategy, the six-member club of new-entrants in the domestic skies has cornered a near 40% share of the airline industry pie in the third quarter of 2006 calendar year.
According to passenger carriage data with the Directorate General of Civil Aviation (DGCA), new-entrants together captured 39.2% share of the domestic market in third quarter of 2006. In September, their combined share stood at 40.7% — their highest-ever till date.
The legacy carriers — Indian Airlines, Jet Airways and Air Sahara — ended with a 60.8% share in Q3, while their combined share in September alone dropped to 59.3%, the DGCA data revealed.
The entry of newer players like IndiGo also split the pie further, shrinking market shares of existing players.
11/11/06 Byas Anand/Times of India

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