Tuesday, February 22, 2011

Low-fare airlines cut into full-service rivals’ market share in Jan

New Delhi: Budget airlines continued to cut into the market share of their full-service rivals in January, even as domestic air passenger traffic grew nearly 21% over a year earlier.
A total 4.93 million passengers travelled by air in India last month, compared with 4.08 million in January 2010, according to data released on Monday by the Directorate General of Civil Aviation (DGCA).
Airlines flew a record 52.02 million passengers in 2010, up 18.6% over 2009.
Low-fare carriers such as SpiceJet Ltd, IndiGo—run by InterGlobe Aviation Pvt. Ltd, and GoAir—run by Wadia Group-owned GoAirlines (India) Pvt. Ltd—expanded their market share at the expense of full-service airlines like Air India Ltd, Jet Airways (India) Ltd and Kingfisher Airlines Ltd.
Jet Airways, along with its low-cost subsidiary JetLite, saw its market share slip to 24.8% in January from 25.2% a year earlier.
Kingfisher’s market share came down to 19.5% from 22.2%, and flag carrier Air India’s to 15.8% from 18%.
IndiGo expanded its market share to 19.2% from 15.3%, GoAir to 6.4% from 5.4% and SpiceJet to 14.3% from 12.2%.
22/02/11 Tarun Shukla/Live Mint
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