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Despite Turbulence In Indian Skies, IndiGo Flies High: Increases Market Share To 47 Per Cent In March
An IndiGo Airlines aircraft (Facebook)
With Jet Airways shutting down operations and grounding of all of its Boeing 737 max aircrafts, there are several issues facing the Indian aviation sector in recent times.
However, whatever be the woes ailing the sector, there is nothing stopping the unabated and aggressive growth of IndiGo Airlines.
The no-frills airline which already was a market leader with 44 per cent market share in February 2019 has further expanded its share in the overall pie to 47 per cent, further strengthening its growth prospects.
According to data released by the Indian aviation watchdog Directorate General of Civil Aviation (DGCA), IndiGo Airlines reported a 19 per cent growth in passengers to 5.4 million in March, reports Hindu BusinessLine (BL).
Competitor and second in terms of market share, SpiceJet too has expanded its share while benefiting from the fall of Jet Airways. However, the grounding of its Boeing 737 Max aircrafts following the devastating Lion Air and Ethiopian Airlines in the recent history has impacted its growth.
Meanwhile, IndiGo has added passengers at record numbers despite the market having slowed down. It has also added 20 new departures from New Delhi and Mumbai each temporarily since 15 April.
Similarly on the international market front, overall passenger traffic growth fell 2 per cent to 2.1 million in March. But IndiGo continued to expand its international footprint by carrying 0.5 million passengers, up 60 per cent from the figure last year.
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