According to the monthly traffic data for November, released by the Directorate General of Civil Aviation on Wednesday, IndiGo continues to lead the pack with a market share of 27.3 per cent.
Jet Airways, along with its no-frills economy class carrier Jet Konnect, holds on to the number two rank (25.1 per cent), but on a stand-alone basis, it has slipped behind Air India and SpiceJet.
"It (fall in market share) does not worry me at all.
"What matters is not the passenger numbers, but the revenue. Consumer goods companies worldwide are not counting how many soaps or bottles of water they are selling. They are looking at the revenue,'' Kardassis said.
"We continue to be the leaders in India and grow our revenue by offering the best network and service."
The airline posted a Rs 166-crore (Rs 1.66-billion) loss in the September quarter, but revenue increased 25 per cent and margins improved.
Kardassis indicated that revenue was growing in the December quarter as well, but did not share details.
The airline has cut capacity in the domestic sector and redeployed some of its Boeing 737s
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