HT Business: May 19, 2017
New Delhi: India’s air traffic rose 17.7% in January-April as nimble-footed private carriers such as Indigo and SpiceJet gained market share while state-owned Air India continued to slip.
Indian carriers flew 364.13 lakh passengers during the first four months of 2017, as against 309.35 lakh a year ago, the ministry of civil aviation said in a release.
In April, the airlines carried 91.34 lakh passengers, shade higher than 90.46 lakh in March but 15.2% higher than a year ago.
Air India flew 11.8 lakh people in April, which is almost the same as March. Private players carried 79.54 lakh passengers in April, compared to 78.66 lakh in March.
The market share of Air India slipped to 12.9% in April from an average 13.6% during January-March. Private players on the other hand grabbed 87.1% in April compared with an average 86.4% in the first three months of 2017.
Indigo increased its dominance in the Indian sky by hiking its market share to 41.4% in April from 39.9% in March, while Jet Airways cornered 15.2%.
SpiceJet caught up with Air India by increasing its market share to 12.9%, while Go Air had 8.1%.
New entrants Air Asia had 3.3% and Vistara 3.2% in the fiercely competitive Indian airline sector.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.