According to data from the Directorate General of Civil Aviation, IndiGo, the largest airline in India, has achieved a significant milestone by surpassing a 60 per cent market share in the domestic civil aviation market for the first time. In May, their market share reached 61.4 per cent, up from 57.5 per cent in April. It is worth noting that Go First, which held a 6.4 per cent market share in April, suspended its operations from 3 May. As a result, the capacity in the Indian aviation market decreased, leading to increased demand for other airlines.
The data also revealed that Indian airlines experienced high capacity utilisation or passenger load factor, with more than 90 per cent in May. This indicates strong demand coupled with limited flight availability.
In May, IndiGo achieved a passenger load factor of 91.5 per cent, up from 87.4 per cent in April. SpiceJet had the highest capacity utilisation at 94.8 per cent, compared to 92.2 per cent in April. The airlines under the Air India group also had a passenger load factor of more than 90 per cent, with Air India at 90.1 per cent in May (compared to 87.9 per cent the previous month), Vistara at 93.2 per cent (compared to 92.1 per cent earlier), and Air Asia India at 92.8 per cent (compared to 89.4 per cent in the previous month).
In May, the domestic air passenger traffic in India reached 13.2 million passengers, surpassing the previous record set in December 2019. This represents a 15 per cent increase compared to the same period last year and a growth of over 2 per cent compared to April.
Akasa Air, the youngest airline in India, saw its market share rise from 4 per cent to 4.8 per cent in the previous month. The combined market share of the Air India group airlines stood at 26.3 per cent, with Air India at 9.4 per cent, Vistara at 9 per cent, and AirAsia India at 7.9 per cent. However, SpiceJet’s market share declined further to 5.4 per cent compared to 5.8 per cent in April.
Regarding on-time performance, Akasa Air ranked as the most punctual airline with a rate of 92.6 per cent, followed by IndiGo at 90.3 per cent and Vistara at 89.5 per cent. SpiceJet had the lowest punctuality rate at 60.9 per cent.