Wednesday, July 18, 2018

IndiGo’s Passenger Traffic Grows Faster Than Industry In June

Passenger growth of InterGlobe Aviation Ltd., the parent company of India’s largest airline IndiGo, surpassed the industry average in June, first time after it was beset by engine troubles earlier this year.

The industry’s passenger traffic grew at 18.4 percent—the lowest in the last three years—compared with IndiGo’s 22 percent as around 11 million passengers took to the skies in June, according to data released by the aviation regulator Directorate General of Civil Aviation.

GoAir, AirAsia India and Vistara have beaten the industry for the past 10 months.

That wasn’t the case with the larger players in the world’s fastest-growing aviation market— Jet Airways Ltd., Air India and SpiceJet Ltd. Jet’s passenger growth was the lowest in the last 16 months, while that of SpiceJet was at a 32 month-low.
18/07/18 Soumeet Sarkar/Bloomberg Quint