India Aviation - Average Daily Traffic Dips; IndiGo Market Share Reaches 59% In July: ICICI Securities

India Aviation - Average Daily Traffic Dips; IndiGo Market Share Reaches 59% In July: ICICI Securities

Travelers wearing protective mask wait outside at Netaji Subhas Chandra Bose International Airport in Kolkata, India. (Photographer: Arco Dato/Bloomberg).

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Weekly average daily fliers came in at 205,000 in the week ended August 20, 2021 versus 213,000 in the week ended August 14, 2021.

For the week ended August 20, 2021, average number of departures dropped to 1,818 vis-a-vis 1,846 in the prior week.

The number of fliers per departure declined to 113 versus 115 in the prior week.

InterGlobe Aviation Ltd. market share at 58.6% in July 2021 witnessed a sharp improvement on month-on-month basis followed by Vistara whose market share improved from 7.2% in June 2021 to 8.1% in July 2021.

SpiceJet Ltd. market share remained steady at 9% in July 2021.

Air India / Go Air market share declined sharply 310 basis points / 150 bps month-on-month to 13.4% / 6.8% in July 2021.

Click on the attachment to read the full report:

ICICI Securities Aviation Update August.pdf
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