Indigo Beats Air India, Spicejet To Become #1 Airlines; Captures Record Breaking 49.9% Market Share!
A remarkable feat has been credited to IndiGo’s name, and we wonder if this is because of the downfall of Jet Airways. The popular airline has a boost in its market share, and this is the highest that has been achieved ever since IndiGo has been founded.
For the first time ever, the market share of IndiGo has hit a 49.9% market share, from 46.9% in March. Along with IndiGo, other airlines have also seen a rise in their market shares.
Is this rise in the market share of IndiGo and the other airlines a by-product of the fall of Jet Airways? Read on to know the whole story!
IndiGo On The Rise
On 12 April 2019, the last flight of Jet Airways flew from Amritsar to Mumbai, and that was the day when Jet Airways laid down its arms. The company’s membership in the International Air Transport Association (IATA) was cancelled as well, which was enough for a confirmation of the shut down of Jet Airways.
This obviously led to a diminish in the market share of the company, and rise in that of other airlines’ market share, such as IndiGo, SpiceJet, DGCA, etc.
The shrinking of the market share of Jet Airways started since 2014 and IndiGo has seen a massive increase in popularity as well. As per data released by Directorate General of Civil Aviation (DGCA), the airline carried around 54.41 lakh domestic passengers in the month of March.
However, an Indigo official said, “We achieved our highest market share on back of the large number of planes ordered by us, which helped increased our capacity substantially.”
IndiGo is followed by Air India, with a 13.9% market share and Spice Jet with a 13.1% market share. The former has flown about 15.23 lakh domestic passengers and the latter has 14.4 lakh passengers to its credit. GoAir has carried about 11.90 lakh passengers and clocked 10.8% market share.
What Does the Future Look Like?
During the last three years, the aviation industry of India is of the fastest growing industries of the country. Also, it is expected to gain momentum and continue with its progress in the coming years. There is a probability that the aviation industry of India will be the third largest on a global scale.
The difference in market share between IndiGo and other airlines is evident and speaks volumes about the growth and popularity of IndiGo airlines. IndiGo has always been on top of the graph and looks like that won’t be changing any time soon.