Thursday, December 22, 2016

IndiGo's OTP likely to remain under pressure, says report

New Delhi: On Time Performance (OTP) of budget carrier IndiGo, which touched the lowest in more than two years in November, is likely to remain under pressure in the current fiscal even as it continues to have the largest market share, says a report.

More than a quarter of IndiGo's flights failed to depart or arrive on their scheduled time last month and its OTP from four metro airports -- Delhi, Mumbai, Hyderabad and Bengaluru -- stood at a poor 72.4 per cent.

IndiGo also recorded one of the highest cancellation rates last month, behind new entrant Air Carnival, regional carrier TrueJet and competitor GoAir. IndiGo could not operate as much as 1.46 per cent of its total flights in November.

"There has been a sharp decline in OTP for IndiGo to 72.4 per cent (in November), lowest in more than last two years.

"While this could be due to fog related disruptions in the winter, with even higher capacity addition planned during the remainder of FY17, the on time performance could remain under pressure for IndiGo and will be keenly watched," ICICI Securities said in a report.
22/12/16 PTI/Economic Times
To Read the News in full at Source, Click the Headline


Post a Comment