Key Points
With international air travel to and from India on a path of swift recovery, Indian carriers are cashing in, expanding their collective market share by passengers to a seven-year high, shows an analysis of data for the December quarter (October-December 2022), released by the Directorate General of Civil Aviation (DGCA)...
The cumulative market share of Indian carriers by passengers carried on international flights was 43.5 per cent in October-December 2022 up from 39.2 per cent in the corresponding period of 2019, the last full quarter of regular operations before Covid froze the aviation industry...
Fuelling this surge in international market share are: higher capacities deployed on international routes by carriers like IndiGo and Vistara; slower recovery in capacity deployment by some foreign carriers; reduction in flights by various North American carriers to avoid Russian airspace due to the Ukraine war; and stringent travel-related curbs in China, which were relaxed only recently.. . Explained..
The key factors in play. Behind the surge in market share by Indian airlines: higher capacities deployed on international routes by domestic carriers; slower capacity deployment by some foreign carriers; reduction in flights by some US carriers to avoid Russian airspace; and Covid curbs in China and Hong Kong...
Market leader IndiGos share expanded to 15.6 per cent in the December quarter from 12.8 per cent three years back and it carried an additional 1.54 lakh passengers on international flights...
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