Monday, October 16, 2023

Vistara Retains 2nd Spot With 10% Share Of India’s Domestic Market

India’s air traffic continues to increase year-on-year, with September also registering similar growth patterns. While IndiGo remains far ahead of other airlines, Vistara increased its market share slightly to maintain its second spot in the overall rankings. September, however, was not a good month for punctuality, as all major Indian carriers performed poorly compared to the previous month. Let’s take a look at what the DGCA’s data reveals.

India’s full-service carrier, Vistara climbed to the No.2 position in August with a 9.8% market share. Data from India’s aviation regulator, the Directorate General of Civil Aviation (DGCA), revealed that Vistara maintained its 2nd spot with a marginal market share increase to 10% in September.

This is the first time in quite a while that any Indian carrier has reached a two-digit figure in domestic market share, apart from IndiGo, which maintains its eye-watering lead with a share of 63.4%.

Air India, another Tata Group airline, was next on the list with a market share of 9.8%, while AirAsia India came fourth with a share of 6.7%. SpiceJet commanded 4.4% of the Indian market, while Akasa Air was at the bottom of the list of major carriers, with a share of 4.2%.

Akasa enjoyed a great run earlier this year when it surpassed SpiceJet in market share. But it has recently been plagued by several flight cancellations amid a crunch of qualified pilots, leading to a slip in rankings.

Overall, India’s domestic carriers flew more than 112 million passengers from January to September, registering an annual growth of 29.10 % and a monthly growth of 18.26 %.

Vistara also reported good numbers in the passenger load factor department, coming out on top with a load factor of 92. SpiceJet, which traditionally aces the load factor rankings, was at the no.2 spot for a second month in a row, with a load factor of 91.4.

16/10/2023 Gaurav Joshi/Simple Flying

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