Friday, August 31, 2018

Jet Airways losing ground among international fliers

Jet Airways, the troubled airline, has not just lost share in domestic market, but also among international fliers. Numbers reveal that the company’s share in international market out of India has dropped in the last one year.
The biggest gainer is IndiGo, which has already become a dominant player in the domestic market.
Statistics from aviation regulator DGCA reveal that Jet Airways' share in the international passenger traffic from India dropped to 13.9 percent in the first three months of 2018, compared to 14.5 percent in the same period in 2017.
On the other hand, share of IndiGo – which has been eating into the business of its peers in the domestic market — has risen to 5.8 percent in the January to March period, from 4 percent a year ago.
The loss among international fliers will hurt Jet Airways particularly because for years now the overseas market has been an area of focus for the Naresh Goyal-owned company. Its partnership with Etihad Airways, which owns 24 percent in Jet Airways, was supposed to help improve the Indian airline’s showing.
31/08/18 Prince Mathews Thomas/moneycontrol.com

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