- Wealth PMS
We bring you the “Domestic Airlines Report Card for India” for the month of June, 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 May, 2016)
The total number of passenger carried during the month of June, 2016 stood at 79.75 lakh compared to 66.01 lakh during the same month of the previous year. This resulted in a growth of +20.82% (YoY).
The growth for the period January to June stood at +22.52% (YoY) with 475.79 lakh passengers compared to 388.33 lakh for the same period of the previous year.
Indigo Airlines – the market leader with +37.9% market share, carried 30.23 lakh passengers compared to 25.37 lakh passengers during the same month of the previous year, resulting in a growth of +19.2%.
Similar to the previous year, Indigo has witnessed a lower passenger count compared to the prior month. Passenger count fell from 33.37 lakh passengers in May-16 (27.69 lakh passengers in May-15) to 30.23 lakh passengers in Jun-16 (25.37 lakh passengers in Jun-15).
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 82.3% PLF, Spicejet at 93% trumped the market leader Indigo at 77.9% PLF also beaten by GoAir at 84.6%.
June passenger load factor at 77.9% for Indigo has been the lowest since August, 2015 when it was 76.8%.
The overall cancellation rate of scheduled domestic airlines for the month of June, 2016 has been 1%. The Overall cancellation rate is generally influenced by bad weather, unfavorable flight conditions, low visibility, conditions at airports etc.
Trujet and Air Asia witnessed the highest cancellations at 21.7% and 10% respectively.
Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.