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