Go First collapse: IndiGo, Tata Group & Akasa gain market share while SpiceJet loses same in May over April

Posted on:
Key Points

gained the maximum domestic market share last month after Go First stopped flying from May 2, 2023...

The Wadia Group airline had 6.4% market share in April which was subsequently lapped up by other big airlines..

Big blue IndiGo saw its domestic market share rise by 3.9% from 57.5% in April to 61.4% May, thereby crossing the 60% mark possibly for the first time...

The budget carrie rin fact saw its domestic market share fall from 5.8% in April to 5.4% this May...

DGCA data shows 1.3 crore people flew within the country this May, 15% more than 1.1 crore same month last year despite the Wadia Group airline collapsing. The shutdown in peak summer travel month saw domestic flights of all big Indian carriers going over 90% full with the occupancy ranging from SpiceJets 94.8% to Air Indias 90.1%...

You might be interested in

Akasa beats SpiceJet in market share within a year

14, Jul, 23

India Business News: NEW DELHI: Eleven-month-old Akasa overtook SpiceJet in terms of domestic market share in June 2023.

ET Analysis: IndiGo unlikely to gain share as rivals' business plans take off

05, Jan, 24

Historical data show that an airline gains market share or improves margins amid weak competition. This was true for InterGlobe as well. Apart from expanded market share, its operating margin before depreciation and amortisation (Ebitda margin) improved to 31.2% in the June 2023 quarter from 20.9% in the March 2023 quarter despite buoyant crude oil prices at the time. Factors such as fund crunch, delays in delivery of planes and relatively weak balance sheets of rivals contributed to InterGlobe's performance.

Bumper June traffic sees Akasa overtake SpiceJet in domestic skies

13, Jul, 23

India Business News: NEW DELHI: Eleven-month-old Akasa overtook SpiceJet in terms of domestic market share in June 2023.