Amid a steep decline of 15.7% in domestic passenger traffic, Air India clawed back some of its lost ground to garner a market share of 20.8% in October. Indigo, Jet Airways and SpiceJet improved yields and also gained market share after Kingfisher Airlines’ licence was suspended.
Air traffic in October fell sharply from 54.01 lakh in last October to 45.55 lakh passengers in 2012 despite the onset of the festival season, with analysts blaming exorbitant fares as the principal factor for the decline.
In the first ten months of the calendar year ending October, passenger traffic fell 2.5%. Low-cost carrier IndiGo led with a 27.8% though the Jet Airways-Jet Konnect combined managed to narrow the gap.
Naresh Goyal’s airline carved a 24.7% share from 23.8% in September. Spice-Jet inched to 19.1% up from 18.5% in September. Jeh Wadia’s GoAir reported a market share of 7.6%.
In what was a fruitful month for airlines, the passenger load factors improved considerably for airlines in October compared with September. Indigo reported the highest load factor of 77.2% followed by Air India with 74.7%. Spicejet and Go Air reported loads of around 70%. Though Jet-Lite had a passenger load factor of around 70%, its full service carrier Jet Airways reported the lowest among its peers at 67.5%. Air India was the biggest gainer in October. The domestic passenger data for the last six months shows consistent increase in the market share of Air India.
It has risen from 16.2% in May 2012 to 20.8% in October 2012. For June, July, August and September 2012, the market share of Air India was 16.8%, 18.2%, 18.2% and 19.3%, respectively.
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