Latter's market share rises to 36.1% in Dec; best on-time performance across metro airports
Other carriers gained market share, too, with state-run Air India recording a rise of one percentage point to 18.6 per cent.
The market share of SpiceJet, in which new investors, led by founder-promoter Ajay Singh, have announced an investment of Rs 1,500 crore, is expected to remain unchanged till the coming summer, when it starts increasing its fleet.
As of now, the airline is operating 32 aircraft (17 Boeing B737s and 15 Bombardier Q400s), against 50 in July last year. Daily flights have dropped from 340 to 200.
“IndiGo’s strategy of keeping things simple, being punctual, hassle-free and cost-effective seems to be working well, despite growing competition,” said Amber Dubey, partner and India head for aerospace and defence, KPMG.
Last year, the aviation sector grew on the back of confidence in India’s economic prospects and sharp discounts offered by most Indian carriers which stimulated demand. At 67.3 million passengers, the market expanded 9.7 per cent over 2013. The growth was led by private airlines, which flew 54.9 million passengers (10.9 per cent more than in 2013), while Air India flew 12.4 million (4.3 per cent growth over 2013).
In 2013, domestic air traffic had increased a modest 4.4 per cent over 2012. That year, airlines had carried 61.4 million passengers. In 2012, passenger numbers had declined from a year earlier.
Airline market share for November Vs December