Monday, July 17, 2023

Akasa Air Races Ahead Of SpiceJet In Market Share

Not a month goes by when statistics from Indian aviation don’t throw up newsworthy numbers. From IndiGo’s massive lead to sometimes surprising candidates topping the punctuality charts, the monthly data from India’s aviation regulator keeps things interesting.

Now, the latest figures reveal that Akasa Air has left behind SpiceJet in the domestic market share before even celebrating its first birthday. Is this indicative of Akasa’s operational efficiency or SpiceJet’s shortcomings, or a bit of both? Let’s find out.

The aviation data for June by the Indian regulator, the DGCA, has revealed an interesting fact, among other predictable figures. Yes, IndiGo continues to mock other airlines with its enviable share of over 60%, Go First didn’t feature at all due to its grounding, and the Tata Group airlines came a distant second collectively.

But what was remarkable was that Akasa Air managed to move ahead of SpiceJet in domestic market share within one year of operations. The low-cost carrier began operations in August 2022, while SpiceJet has been around since 2005. In June of this year, its domestic market share was 4.4%, while Akasa Air’s was 4.9%.

Not only is Akasa within microscopic range of the 5% mark, but it is for the first time that it has eclipsed a major Indian airline, all within a year of starting commercial operations. When the entire last quarter of April-June is considered, SpiceJet is still ahead of Akasa with a cumulative share of 5.2%, carrying more than 2 million passengers against Akasa Air’s 4.6% with a little over 1.7 million passengers.

17/07/2023 Gaurav Joshi/Simple Flying

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