Capacity crunch caps domestic air travel growth; IndiGo gains market share & SpiceJet shrinks


NEW DELHI: Home air journey has once more touched all time highs this summer season however development has been capped by excessive fares brought on by a severe capability crunch. DGCA information exhibits about 1.4 crore folks flew throughout the nation this Could, virtually the identical as the height seen final December. Nevertheless, development is capped at about 4% (1.3 crore home flyers final Could). The grounding of just about 80 IndiGo planes resulting from Pratt & Whitney points; SpiceJet shrinking quickly resulting from a extreme money crunch and GoAir’s collapse final Could meant airways noticed their home flights going over 87% full.

IndiGo noticed its home market share balloon to 61.6% this Could. Tata Group accounted for 28% (Air India plus Vistara plus erstwhile AirAsia India). Money-strapped SpiceJet noticed its market share shrink to 4% – down from 5.6% this January, DGCA information exhibits. India’s youngest airline, Akasa, had 4.8% market share, with its development slowed by Boeing’s incapability to ship B737 MAX on the promised tempo.

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Akasa topped the punctuality chart (recorded by DGCA on the 4 airports Delhi, Mumbai, Bengaluru & Hyderabad) with 85.9% of its flights working on time this Could, adopted by Vistara (81.9%), erstwhile AirAsia India (74.9%), IndiGo (72.8%), Air India (68.4%), SpiceJet (60.7%) and Alliance Air (58.7%).

January-Could 2024 noticed 6.6 crore home flyers, up 4% from 6.4 crore in similar interval final 12 months. “Had some extra planes been flying, fares would have been decrease. That may have meant extra folks flying. This can be a full reversal from Covid time when there have been a lot of planes however very folks eligible to fly. Now there usually are not sufficient planes to satisfy the demand,” executives of a number of airways stated.



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