Airline Companies Seize Market Share As Go First Collapses

Chennai: Domestic air carriers increased their market share in May after the collapse of Go First. Moreover, passenger traffic continued to increase in May. Go First had a market share of 6.4 per cent, carrying 8.29 lakh passengers in April.

A large part of this passenger share went to IndiGo in May after Go First’s stopped operations. IndiGo’s share rose 390 basis points in May to 61.3 per cent, after rising 70 basis points in April, 90 basis points in March and 130 basis points in February. The low-cost carrier flew 81.10 lakh passengers in May, as per the data released by the Directorate General of Civil Aviation (DGCA).

Air India, the second-largest domestic carrier in May, grew market share to 9.4 per cent, after witnessing a fall from 9.2 per cent in January to 8.6 per cent by April. It flew 12.44 lakh passengers during the period.

Vistara's market share in May rose 30 basis points to 9 per cent, as the airline flew 11.95 lakh passengers last month.

AirAsia India’s market share rose 30 basis points to 7.9 per cent in May, as the carrier served 10.41 lakh passengers.

SpiceJet was the fifth-largest domestic airline with 5.4 per cent share and carrying 7.2 lakh passengers. It recorded an 80 basis points jump in market share.

However, Akasa Air saw its market share fall another 40 basis points in May. Akasa Air carried 6.29 lakh passengers to garner a market share of 4.8 per cent in May.

Meanwhile, domestic air traffic in May rose 36 per cent compared to the same month last year. Domestic airlines carried 1.32 crore passengers in May. Domestic air traffic in May was also up 2.5 per cent compared to April when airlines had carried 1.29 crore passengers.