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GoFirst crisis: IndiGo biggest gainer; Air India too sees uptick in market share in May

New Delhi: After GoFirst went into bankruptcy and continued with suspended operations, rival airlines have seen an uptick in their market share with Indigo being the biggest beneficiary.

The country’s largest airline added 4% to its market share, commanding 61.4% in May to April’s 55.7%.

For Air India, the market share rose 0.8% to 9.4%. The other two Tata Group airlines – Vistara and AirAsia India — saw their market share increase by 0.3% each to 9% and 7.9%, respectively. Together, the three Tata Group airlines had a market share of 26.3%, according to data released by aviation regulator DGCA on Thursday.

Akasa Air saw an increase of 0.8% from 4% to 4.8%. However, SpiceJet, which is struggling with financial woes and grounded aircrafts, saw its market share fall to 5.4% in May from 5.8% in April.

Even with one less airline operational in May, the data showed that 132.14 lakh passengers were carried by domestic airlines in the month, a 15% increase from 114.67 lakh passengers in April.

The passenger load factors – which measures the percentage of available seating capacity that has been filled with passengers — of almost all major airlines, including Air India, Indigo, Air Asia, Vistara and Spice Jet, was over 90% during the month.

Also read: Govt capping airfares may ‘distort market, deny consumers benefits of competition’

Source: The Print

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