- Wealth PMS
We bring to you the “Domestic Airlines Report Card” for the month of October, 2015. We take a look at the Number of Passengers carried, Market Share of Each Carrier, Passenger Load Factor and others.
The total number of passenger carried during the month of October, 2015 stood at 70.39 lakhs compared to 59.25 lakhs during the same month of the previous year.. This resulted in a growth of +18.8% (YoY).
Total passengers carried for the period Jan-Oct increased from 550.68 lakh passengers to 660.60 lakh passengers resulting in a growth of +19.96%. Even if the passengers carried for November and December stays at the 2015 average of 66.06 lakh passenger, the industry is poised to achieve a growth of +17.65%.
Indigo Airlines – the market leader with +36.8% market share, carried 24.30 lakh passengers compared to 18.9 lakh passengers during the same month of the previous year, resulting in a growth of +37%.
Other airlines such as Air India and Jet Lite have lost over 3% and 2% respectively of their market share to Spicejet and Vistara which has added 3% and 1.5% respectively to their market share.
(Source: Ministry of Civil Aviation)
Air Costa which recorded triple digit growth during the first three months of the year, now has growth in single digits thereby handing over the baton to Air Asia which has recorded triple digit growth in the past 5 months.
(Note however that the numbers for Air Asia etc. are small, since they have minuscule marketshare, so the growth is on a smaller base. )
Passenger load factor, or load factor, measures the capacity utilization of public transport services. It is generally used to assess how efficiently a transport provider “fills seats” and generates fare revenue.
SpiceJet beat Indigo in terms of Passenger Load Factor by filling in an average of 89.5% compared to 83.1% for the current year. Other airlines to clock in an average of 80%+ PLF were Go Air at +82.1%, Jet Airways at +82.1% and Jet Lite at +81.4%.
The overall cancellation rate of scheduled domestic airlines for the month of October 2015 has been 0.57%.
The Overall cancellation rate is generally influenced by bad weather, unfavorable flight conditions, low visibility
conditions at airports etc.