IndiGo Continues To Rule Indian Skies Even As January Market Share Dips Slightly
InterGlobe Aviation Ltd.-promoted low-cost airline IndiGo began the new year with yet another month of superior market share in the domestic aviation industry.
IndiGo's market share in January 2017 stood at 39.8 percent, slightly lower than the revised 40.3 percent share it had captured in December 2016, according to data released by the regulatory body Directorate General of Civil Aviation (DGCA).
Jet Airways Ltd. saw its market share improve 50 basis points to 15.5 percent, while low-cost rival SpiceJet Ltd. held 12.8 percent.
The passenger load factor, used to measure the capacity utilisation of airlines, was largely unchanged from December for most major operators.
The number of passengers carried by domestic airlines during January grew 25.1 percent to 95.8 lakh from 76.6 lakh in the corresponding month of the previous year.
On a monthly basis, the number passengers carried in January was slightly higher than the 95.2 lakh passengers carried in December 2016.
Other Performance Indicators
Overall, the Indian aviation industry had a cancellation rate of 1.1 percent in January. With a cancellation rate of 0.63 percent, Jet Airways had the fewest cancelled flights, followed by SpiceJet at 0.77 percent and IndiGo at 0.98 percent. Government-operated Air India was the second worst with 1.97 percent of its flights being cancelled.
Youngest entrant Air Vistara had the highest customer satisfaction with just 0.1 complaints for every 10,000 passengers carried. IndiGo followed closely with 0.3 complaints per 10,000 passengers. Air India was the worst with 2.5 complaints for 10,000 passengers.
In terms of on-time performance of flights, SpiceJet and IndiGo led the pack with 71.6 percent and 71.2 percent flights on schedule respectively. Vistara underperformed with only 53 percent of its flights running on time.
The performance was computed for Bangalore, Delhi, Hyderabad and Mumbai airports.