India’s Domestic Air Passenger Traffic Dips In January; Indigo, Vistara Gain Market Share: ICICI Securities
Travelers wearing protective face masks wheel luggage in the passenger check-in hall.  (Photographer Adrienne Surprenant/Bloomberg)

India’s Domestic Air Passenger Traffic Dips In January; Indigo, Vistara Gain Market Share: ICICI Securities

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

As per January 2021 Directorate General of Civil Aviation release, major airlines have seen a marginal dip in their passenger load factors, except Air Asia (up 200 basis points) and Vistara (up 300bps) month-on-month.

SpiceJet Ltd. continues to report the highest PLF. On a month-on-month basis, domestic traffic grew at a slower pace of 6% in January-21 versus 15%/21% witnessed in December-20/November-20 (Q4 is a seasonally weak quarter compared to Q3).

In terms of market share, Indigo/Vistara reported 40bps improvement in Jan-21 to 54.3% / 6.7%, while SpiceJet / GoAir reported a decline of 70bps/20bps to 12.8%/ 8.2%, respectively on month-on-month basis.

Click on the attachment to read the full report:

ICICI Securities Aviation Update 18 Feb 2021.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.