- Wealth PMS (50L+)
We bring you the “Domestic Airlines Report Card for India” for the month of September, 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 August, 2016)
The total number of passenger carried during the month of September, 2016 stood at 82.30 lakh compared to 66.66 lakh during the same month of the previous year. This resulted in a growth of +23.5% (YoY).
The total number of passenger carried for the period January to September, 2016 stood at 726.98 lakh compared to 590.21 lakh during the same month of the previous year. This resulted in a growth of +23.1% (YoY).
Indigo Airlines – the market leader with 40% market share, carried 32.96 lakh passengers compared to 24.3 lakh passengers during the same month of the previous year, resulting in a growth of 36%.
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.
Go Air and SpiceJet reported better Load Factor i.e. >85%. Indigo reported PLF at 82.1% maintaining an avg. of 84.1% over the past 12 months. The company also received its 4 additional A320 neo’s taking the tally to 10 currently.
The overall cancellation rate of scheduled domestic airlines for the month of September, 2016 has been 0.4%. The Overall cancellation rate is generally influenced by bad weather, unfavorable flight conditions, low visibility, conditions at airports etc.