Thursday, September 14, 2023

Pilot shortage and flight cancellations drag Akasa behind SpiceJet domestic market share in August

New Delhi: Recent resignations by a number of pilots that has forced Akasa to cancel several flights since last months has seen the airline slip behind cash-strapped SpiceJet to the sixth spot in terms of domestic market share this August. DGCA data shows Akasa — which had overtaken SpiceJet in June and maintained that lead in July — had a domestic market share of 4.2% in August while SpiceJet was marginally ahead at 4.4%.

Akasa — India’s youngest airline which started flying last August and reached the 20-aircraft mark in less than a year — has been forced to cancel a significant number of flights, much to passengers’ chagrin. The hirings by Tata Group airlines has seen a huge interest among crew members from other Indian airlines due to several factors like getting a chance to operate wide body aircraft. IndiGo is also hiring. In the cyclical airline business, it is currently advantage employees with many finding it hard to retain talent — something that keeps changing every few years as and when a big airline collapses. This was most recently witnessed this May when GoAir collapsed.

Meanwhile, DGCA data shows IndiGo’s domestic market share was 63.3%, with the three Tata airlines next to it at Air India and Vistara at 9.8% each and AirAsia India at 7.1% in August. The Three Tata airlines’ combined market share was at 26.7%.

14/09/2023 Saurabh Sinha/Times of India

To Read the News in full at Source, Click the Headline


Post a Comment