- Wealth PMS (50L+)
We bring you the “Domestic Airlines Report Card for India” for the month of February, 2016. 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 January, 2016)
The total number of passenger carried during the month of February, 2016 stood at 74.76 lakhs compared to 60.16 lakhs during the same month of the previous year. This resulted in a growth of +24.27% (YoY).
Indigo Airlines – the market leader with +35.6% market share, carried 27.54 lakh passengers compared to 22.31 lakh passengers during the same month of the previous year, resulting in a growth of +23.4%.
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 managed an avg. of 83.6% PLF, market leader Indigo came in the 4th place at 86.0% PLF beaten by SpiceJet at 92.3%, Air Costa at 87.1% and GoAir at 86.4%.
The overall cancellation rate of scheduled domestic airlines for the month of February, 2016 has been 0.7%. 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.