Friday, November 01, 2019

SpiceJet overtakes Blue Dart in air cargo, IndiGo well ensconced at top

Just like in the passenger segment, IndiGo is building up a huge lead over its competitors in the domestic air cargo business. At the same time, SpiceJet is also on the fast lane, and has grown faster than most of its peers this year.

In fact, the Ajay Singh-led airline overtook Blue Dart in August to become the second largest in the air cargo segment.
Numbers from industry regulator DGCA show that IndiGo had a market share of nearly 34 percent in the domestic cargo market in August this year, compared to 23 percent in the same period last year.

On the other hand, SpiceJet's market share stood at almost 16.9 percent in August, up from 11.2 percent, a year ago.
Overall, for the eight months of the calendar year, IndiGo's share stood at a little over 31 percent. SpiceJet's was at 14.5 percent. The airline carried 11,256 tons of freight in August, compared to Blue Dart's 10,921 tons, and in the process becoming the second largest air cargo mover in the month.
To be sure, overall for the eight months of the year, Blue Dart continues to have a slight edge over SpiceJet. But given SpiceJet's faster growth rate, it may end the year at a spot higher than Blue Dart.
01/10/19 Prince Mathews Thomas/
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