- Wealth PMS (50L+)
We bring to you the “Domestic Airlines Report Card” for the month of December, 2015. We take a look at the Number of Passengers carried, Market Share of Each Carrier, Passenger Load Factor and others. (Here is the Report Card for November, 2015)
The total number of passenger carried during the month of December, 2015 stood at 77.1 lakhs compared to 64.4 lakhs during the same month of the previous year. This resulted in a growth of +19.70% (YoY).
Total passengers carried for the period Jan-Dec increased from 673.82 lakh passengers to 810.91 lakh passengers resulting in a growth of +20.26%.
Indigo Airlines – the market leader with +35.6% market share, carried 27.43 lakh passengers compared to 23.24 lakh passengers during the same month of the previous year, resulting in a growth of +18%. This means a total of over 4 lakh additional passengers used Indigo.
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.
While Industry leader Indigo managed a 88.5% PLF – a massive 4.5% increase, SpiceJet led the field with a 92.1% PLF. Jet Airways and Jet Lite were the only players to have a decline in PLF at -5.2% and -6.5% respectively.
The overall cancellation rate of scheduled domestic airlines for the month of December, 2015 has been 2.49%. The Overall cancellation rate is generally influenced by bad weather, unfavorable flight conditions, low visibility, conditions at airports etc.
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Disclosure: The authors at Capital Mind have positions in the market and some of them may support or contradict the material given above, or may involve a direction derived from independent analysis.