Friday, August 19, 2016

Aviation soars with 25% growth in passenger traffic; IndiGo’s domestic market share hits almost 40%

India’s aviation sector is soaring new highs and touching new skies, with the month-on-month passenger growth for the month of July hitting a record 25%. The total number of passengers carried by domestic airlines during the January to July 2016 period were 560.87 lakh versus 455.95 lakh during the corresponding period of previous year, thereby registering a growth of 23.01%, says the latest data released by DGCA.  Indigo topped on the domestic airlines front, with a market share of 39.8%. Jet Airways had a share of 16.3%. While Air India’s domestic airline market share was reported at 14.8%, that of SpiceJet was 11.7%.
The overall cancellation rate of scheduled domestic airlines for the month of July 2016 was 0.70%, with Air Costa and Go Air recording the lowest of 0% and 0.02% and Air Pegasus and Trujet the highest at 29.67% and 17.38% respectively. At 36.6%, technical factors dominated the reasons for cancellations. During July 2016, 948 passenger related complaints were received by the scheduled domestic airlines. The number of complaints per 10,000 passengers carried stood at 1.1. The biggest reason for passenger complaints was Flight problem.
For the second quarter of this calendar year, the market share of Air India had remained constant at 15.4%, while that of IndiGo increased to 38.4% versus 37% in Q1. Jet Airways witnessed a decline in market share from 18.2% to 16.1%, while that of Jet Lite increased to 2.9% versus 2.7%. SpiceJet also saw a decline in market share from 13% to 12.7%.
19/08/16 Financial Express

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