Key Points
NEW DELHI : Low-cost airline IndiGo has almost doubled its share of Indias international flights in the first quarter of FY24 from the corresponding pre-pandemic period, expanding its lead in this lucrative segment..
Between April and June, IndiGo, the largest domestic airline, has achieved a 17.2% market share, among both Indian and foreign airlines operating on international routes, up significantly from 9.6% in the June quarter of 2019, according to data from the Directorate General of Civil Aviation (DGCA)..
In comparison, foreign aviation giant Emirates share of total international passengers dropped from 9.7% to 8.6% during the period under consideration..
However, in 2022-23, low-cost carrier IndiGo not only outperformed the traditional full-service carriers, but also claimed the top rank with a market share of 15.7%, followed by Air India at 12.4%, and Emirates at 9.8%..
We will bring our share of international ASKs (available seat kilometers) by the end of this year to a range of 30% which is an increase from the low 20s where we were earlier," chief executive officer Pieter Elbers told analysts during the post-earnings conference call of IndiGo in August..
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