Monday, August 05, 2019

IndiGo, others make most of Jet Airways' international absence. But is it enough to boost growth?

International travel to and from India may have declined, but that hasn't stopped domestic airlines to expand their services in the international market.
Of all, IndiGo has been the most aggressive in launching new flights, making most of the vacuum created by Jet Airways' absence.
Before it suspended operations in April, Jet Airways had the highest market share in the international market. But the fact that it was losing share from January itself is clear from numbers published by industry regulator DGCA.
In the first three months of 2018, Jet Airways alone had flown more than two million passengers in and out of India. Air India was second, with about 1.6 million passengers. IndiGo flew less than a million.
A year later, the pecking order had changed. Air India had become the biggest flier of international traffic, its 1.7 million passengers is about a lakh higher than what Jet Airways flew. IndiGo's traffic increased by almost half to nearly 1.5 million passengers.
IndiGo is sure to build on that momentum in coming quarters The largest airline in the country has been feverishly announcing new flights in international routes. In July, IndiGo announced additional flights to Dubai and launched new services to Hanoi (Vietnam), Singapore, Bangkok, Jeddah and Kuwait. A month earlier, it had started maiden flight services to China.
Interestingly, both China and Vietnam markets were first operated by Jet Airways, which had later vacated both routes.
"Expansion is completely based on availability of aircraft as rights were given in accordance with their current size. IndiGo has a large fleet and that helps it start operations on these routes quickly as aircraft can be made available by rejigging the current network," Vinamra Longani, a Delhi-based aviation consultant, said
05/08/19 Prince Mathews Thomas/Moneycontrol.com
To Read the News in full at Source, Click the Headline

0 comments:

Post a Comment