Spicejet's domestic market share makes consistent gains towards 2023-end

Meanwhile, India's largest carrier, IndiGo, saw a marginal decline in its market share from 62.6 per cent in October to 61.8 per cent in November

SpiceJet CMD Ajay Singh
Ajinkya Kawale Mumbai
2 min read Last Updated : Dec 16 2023 | 12:00 AM IST
No-frills airline SpiceJet has seen a gradual increase in its domestic market share towards the end of the year, following a decline in the first half of 2023, DGCA data showed.

The airline, which recorded a share of 6.2 per cent in November, announced last month the addition of 44 flights on new and existing routes for the winter schedule. The carrier has recently added eight Boeing 737s, including four 737 Max planes, to its fleet.

However, the airline has not yet attained this year's peak market share, which was 7.3 per cent in January.

India's domestic air passenger traffic rose 9 per cent to more than 1.27 crore in November, according to data from the Directorate General of Civil Aviation (DGCA).


Meanwhile, India's largest carrier, IndiGo, saw a marginal decline in its market share from 62.6 per cent in October to 61.8 per cent in November.

The Tata-Group-owned Air India's market share remained constant at 10.5 per cent in November, while its sister airline Vistara saw its share marginally dip from 9.7 per cent in October to 9.4 per cent in November.

The conglomerate's other airline, AIX Connect, formerly Air Asia India, saw its market share remain constant at 6.6 per cent in November.

Cumulatively, the Tata-group-owned airlines command a market share of 26.5 per cent.

Together, IndiGo and Tata Group airlines account for 88.3 per cent of the total domestic aviation market in the country.

Akasa Air's domestic market share has remained constant at 4.2 per cent since August.

In June, Akasa surpassed SpiceJet in monthly domestic passengers with a 4.9 per cent share compared to SpiceJet's 4.4 per cent. However, Akasa's share declined to 4.2 per cent in August due to flight cancellations caused by pilot resignations.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Emerging market sharesaviation SpiceJetaviation sector growthDGCA

First Published: Dec 16 2023 | 12:00 AM IST

Next Story