Key Points
For instance, deliveries by Boeing could take a while as certifications for some of its new aircraft have been deferred since the Alaska Airlines incident in January, in which an unused door of a Boeing 737-9 Max flew off mid-flight..
Indian airlines order backlog has decent exposure to Boeing but IndiGo, the leading airline in terms of market share, is better placed than others..
The number of domestic air passengers rose by a mere 1% year-on-year in February (adjusted for the extra day this leap year), the slowest growth in the past 24 months..
While competition is intensifying, IndiGos market-share gains after Go Firsts operations were suspended in May 2023 have driven its stock up by more than 74% in the past year..
The market share of the Air India group, which includes Air India, Vistara and AIX Connect, hit a recent high of 28.8% in February..
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