NEW DELHI: India's aviation sector in April recorded the highest year-on-year growth in passengers since September 2014. The number of passengers during the month grew 23.33% over that a year ago, the highest increase after the 27.82% spike seven months ago.
IndiGo, SpiceJet and Vistara registered an increase in market share during April over March even as Jet AirwaysBSE -1.64 % (Jet Airways and Jet-Lite) and Air India lost market share during the month.
Industry executives, however, said that the market share did not change substantially. Vistara was bound to register an increase because it added flights. Similar was the case with AirAsia, they said, since the carrier launched flights from Delhi. Vistara doubled its market share during the month to 1.1% from 0.5% in March.
IndiGo, India's largest carrier in terms of passengers carries, further widened its lead over its competitors by carrying 37.8% of the total passengers during April compared to 36.4% during the previous month. SpiceJet, which is recovering from the financial turmoil it slipped into last year, saw its market share grow from 9.7% in March to 10.8% in April.
In terms of load factor, Spice-Jet flew its flights with the highest percentage of seats occupied and clocked load factor of 88.7%, followed by IndiGo at 85.7%. Vistara clocked its best load factor till date of 67.3%.
Source: IndiaTimes
