Wednesday, November 06, 2019

Spicejet overtakes Bluedart to become second largest cargo carrier while Indigo still leads

Even when the numbers of Directorate General of Civil Aviation (DGCA) showed a 5.3 percent decrease in the country’s total freight volume in August 2019 compared to the same month last year, Indigo, SpiceJet and GoAir continued to grow while Bluedart and Air India hold on.

For the month of August 2019 Indigo still leads with a 32.8 percent market share in the domestic air freight compared to 22.2 percent in August 2018, while Spicejet overtook Bluedart to become the second-largest freight carrier in India.

SpiceJet grabs a 17.9 percent market in August 2019 compared to 11.8 a year ago, while Bluedart posses 17.4 percent compared to 16.9 percent in the same period. GoAir also registered a steady growth to 13.9 percent compared to 9.7 percent, while Air India slipped to 9.4 percent in August this year from 9.7 percent last year.
“There is a slowdown in the economy; industries are trying to control costs; people are trying to shift themselves to other options like ground express cargo which may have contributed to the decrease in freight traffic,” said Prateek Kumar, an analyst with Antique Stock Broking.
05/11/19 ITLN
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