IndiGo displaces Kingfisher from the third spot
15 Dec 2008
New Delhi: Low-cost carrier IndiGo is keeping its impressive track record intact. It has displaced Kingfisher Airlines from the third position as the third largest passenger carrier, and in the process has also overhauled Kingfisher Red as the largest low cost carrier.
IndiGo has notched up a market share of 14.7 per cent, closely followed by Kingfisher Red at 13.3 per cent with Kingfisher tumbling two notches to the fifth position at 11.6 per cent. This alters positions from October when Kingfisher was the third largest passenger carrier followed by Kingfisher Red and IndiGo at fourth and fifth positions respectively.
IndiGo's increased market share reflects a substantial jump in its load factor, which has climbed to 73 per cent from 66 per cent in the October-November period. Disregarding Paramount and MDLR, which operate smaller aircraft, IndiGo now has the highest load factor of 73 per cent as compared t an industry average of 63.55 per cent.
The LCC's also garnered a larger share of the market from the Air India, Jet Airways and Kingfisher, who dominate the first three spots.
As for other statistics, domestic traffic declined by a whopping 21 per cent in November as compared to the year-ago period. For the 11 months ended November this year, domestic traffic has declined by 3.9 per cent, from 39.1 million to 37.6 million.
LCCs also garnered a larger market share with SpiceJet share moving up from 9.5 per cent in October to 10.8 per cent in November even as its load factor jumped from 61 per cent to around 65 per cent. However, JetLite saw its share dip somewhat from 8.1 per cent in October to 7.7 per cent in November.
