Indigo continues to lead in term of market share

InterGlobe Aviation operated Indigo Airlines commanded 39.5 per cent market share of the Indian domestic airline sector in October 2017, followed by Jet Airways with 15.2 per cent market share and Spice Jet and Air India each with a market share of 13.1 per cent, as per the data released by the Civil Aviation ministry.

Total number of passengers ferried by the domestic airlines during the January-October 2017 period were 954.45 lakhs compared to 813.70 lakhs in the corresponding period in 2016, which is a growth of 17.30 per cent for the industry.

Even in terms of On-Time Performance (OTP) of domestic airlines for four metro airports (Bangalore, Delhi, Hyderabad and Mumbai) Indigo top the list at 83.9 per cent, but followed very closely by SpiceJet at 83.3 per cent. Surprisingly, Air India's Domestic operations also showed 77.2 per cent promptness.

This data bodes well for the airlines which are planning to bid for the regional connectivity scheme, UDAN, wherein the government is mulling to consider airlines' performance while awarding them with more routes.

Meanwhile, airlines stocks traded mixed on Friday. The stock of InterGlobe Aviation closed at Rs. 1,165.30 per share, up 0.03 per cent, Jet Airways closed at Rs. 690.25, up 0.93 per cent, whereas Spicejet closed at Rs. 140.70 per share, down by 0.99 per cent.