Thursday, June 15, 2023

Go First collapse: IndiGo, Tata Group & Akasa gain market share while SpiceJet loses same in May over April

New Delhi: IndiGo gained the maximum domestic market share last month after Go First stopped flying from May 2, 2023.

The Wadia Group airline had 6.4% market share in April which was subsequently lapped up by other big airlines. Big blue IndiGo saw its domestic market share rise by 3.9% from 57.5% in April to 61.4% May, thereby crossing the 60% mark possibly for the first time.

The three Tata Group airlines — Air India plus Vistara plus AirAsia India — saw this increase 1.4% from 24.9% to 26.3% in the same period. And the youngest airline, Akasa, saw an increase of 0.8% from 4% to 4.8%, according to DGAC data.

SpiceJet, which is facing its own troubles including insolvency pleas by unpaid parties and requests from lessors to take back planes, did not gain from Go collapse. The budget carrie rin fact saw its domestic market share fall from 5.8% in April to 5.4% this May.

DGCA data shows 1.3 crore people flew within the country this May, 15% more than 1.1 crore same month last year despite the Wadia Group airline collapsing. The shutdown in peak summer travel month saw domestic flights of all big Indian carriers going over 90% full with the occupancy ranging from SpiceJet’s 94.8% to Air India’s 90.1%.

Go First used to fly almost 30,000 domestic passengers daily. Not surprisingly, the regulator saw maximum number of passenger complaints related to refunds.

15/06/2023 Saurabh Sinha/Times of India

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