There is a common saying that someone’s loss is another’s gain. This thing has proved to be true in the Indian Aviation Sector. Recently in the aviation sector, a company Go First has had to go on the path of destruction, while on the other hand it has benefited other companies especially Indigo.
The market share has become so much
The airline Go First had been struggling on the economic front for some time and due to this the company had filed for Go First Bankruptcy last month. Along with this, the company had also informed about the cancellation of its flights on 3 May. Due to this, Indigo benefited tremendously during the month of May. Last month, the market share of this Gurugram-headquartered airline (Indigo Market Share) increased to 61.4 percent, which was 57.5 percent a month ago i.e. in April.
Indigo is the biggest company
Let us tell you that Indigo started its operations 17 years ago in August 2006. It continues to be the largest airline company in India. The company currently has a fleet of more than 300 Airbus and ATR 72-600 turboprop aircraft. According to the fleet of aircraft, it is still the largest airline company in the country. During the month of May, the company served 81 lakh passengers in the domestic market.
extension in this case
Last month, Indigo improved on other performance parameters as well. Indigo’s on-time performance (Indigo OTP) during the last month was 90.3 percent when it comes to operating flights on time. It was just short of Vistara. Vistara gave 92.6 percent on-time performance (Vistara OTP) during the month of May.
3-3 companies of Tata group
Talking about the domestic aviation sector, Indigo may face a tough challenge in the coming days. Especially the dominance of Indigo is going to be challenged by the Tata Group. Tata group currently has 3-3 airlines – Air India, AirAsia India and Vistara. Currently, the market share of these three is 9.4 per cent, 7.9 per cent and 9 per cent respectively. This takes the group’s overall stake to 26.3 per cent, which is 1.4 percentage points higher than April’s 24.9 per cent.
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