You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

DGCA: Domestic air traffic declines 57% YoY in Oct

Capital Market 

Shares of two air carriers were in action after the Directorate General of Civil Aviation (DGCA) announced monthly figures of the air traffic data for the month of October 2020.

Shares of InterGlobe Aviation (IndiGo) shed 0.94% to Rs 1687.05 while those of SpiceJet jumped 15% to Rs 76.30 on the BSE.

Meanwhile, the S&P BSE Sensex was up 7.40 points or 0.02% to currently trade at 44,187.45.

The DGCA said that passengers carried by domestic airlines declined by 57.2% to 52.71 lakh in October 2020 from 123.16 lakh in October 2019. Sequentially, however, the figure has increased by 33.67% from 39.43 lakh in September 2020.

IndiGo carried 29.27 lakh passengers in October 2020, which is higher by 29.17% as compared to 22.66 lakh passenger in September 2020 but lower by 49.87% compared to 58.42 lakh passenger in October 2019.

The number of passenger carried by SpiceJet in October 2020 stood at 7.04 lakh, up by 32.83% from 5.30 lakh in September 2020. It is declined by 64.88% from 20.05 lakh passenger in October 2019.

Passenger load factor (PLF) was recorded at 61%-74% during October. While this was an improvement from 57% -73% in September, it was significantly lower than 76%-90% seen in October last year. PLF is used to gauge the capacity utilisation of transport services, including air transport.

IndiGo's PLF during October 2020 was at 68.2%, compared to 65.4% in September 2020 and 85.1% in October 2019.

SpiceJet's PLF during October 2020 was at 74%, compared to 73% in September 2020 and 90% in October 2019.

"The passenger load factor in the month of October 2020 has shown some recovery due to increased demand after opening of lockdown and onset of festive season," the DGCA said in a statement.

IndiGo held a market share of 55% while SpiceJet's market share was at 13.4% in October 2020.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, November 19 2020. 12:33 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU