Domestic air passenger traffic rises nearly 9% MoM in Feb

Indigo continues to dominate domestic airspace, followed by SpiceJet.

Shares of InterGlobe Aviation fell 1.61% to Rs 936.90. The stock is currently trading 50.97% lower from its 52-week high of Rs 1,911 recorded on 23 September 2019.

Shares of SpiceJet tumbled 2.38% to Rs 36.95. The stock is currently trading 76.44% lower from its 52-week high of Rs 156.90 recorded on 3 June 2019.

According to data released on Wednesday by aviation regulator Directorate General of Civil Aviation (DGCA), passengers carried by domestic airlines during Jan-Feb 2020 were 251.50 lakhs as against 238.56 lakhs during the corresponding period of previous year thereby registering annual growth of 5.42% and monthly growth of 8.98%.

DGCA added that the passenger load factor in the month of February 2020 has shown increasing trend primarily due to airlines offering promotional fares resulting in increased demand.

InterGlobe Aviation's (IndiGo) market share stood at 48% in February as compared to 47.9% in January. The airline carried 59.31 lakh million passengers in February, down by 3.09% from 61.20 lakh passengers in January 2020.

SpiceJet flew 18.91 lakh passengers, achieving a 15.3% market share, in February 2020. The company toured 21.24 lakh passengers in January 2020, achieving a 16.6% market share.

The market shares of Air India, GoAir, AirAsia India and Vistara was 12%, 10%, 7.3% and 6.7%, respectively in February 2020.

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