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ICICI Securities Report
As per the latest data from Directorate General of Civil Aviation for November 2020, number of passengers grew 21% month-on-month to 6.35 million.
In Nov-20, all major airlines witnessed an improvement in passenger load factor.
SpiceJet Ltd. reported highest PLF of 78%, up 400 basis points month-on-month. As at Nov-20-end, Indigo’s market share dropped to 53.9% from 55.5% in Oct-20.
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