Go First collapse: IndiGo, Tata Group & Akasa gain market share while SpiceJet loses same in May over April – Times of India
The Wadia Group airline had 6.4% market share in April which was subsequently lapped up by other big airlines. Big blue IndiGo saw its domestic market share rise by 3.9% from 57.5% in April to 61.4% May, thereby crossing the 60% mark possibly for the first time.
The three Tata Group airlines — Air India plus Vistara plus AirAsia India — saw this increase 1.4% from 24.9% to 26.3% in the same period. And the youngest airline, Akasa, saw an increase of 0.8% from 4% to 4.8%, according to DGAC data.
SpiceJet, which is facing its own troubles including insolvency pleas by unpaid parties and requests from lessors to take back planes, did not gain from Go collapse. The budget carrie rin fact saw its domestic market share fall from 5.8% in April to 5.4% this May.
DGCA data shows 1.3 crore people flew within the country this May, 15% more than 1.1 crore same month last year despite the Wadia Group airline collapsing. The shutdown in peak summer travel month saw domestic flights of all big Indian carriers going over 90% full with the occupancy ranging from SpiceJet’s 94.8% to Air India’s 90.1%.
Go First used to fly almost 30,000 domestic passengers daily. Not surprisingly, the regulator saw maximum number of passenger complaints related to refunds.
How other airlines, except SpiceJet, gained from GoFirst collapse
Airline…. Market share in April 2023… Market share in May 2023… Change
Go First…. 6.4%… 0.4%… Minus 6%
IndiGo… 57.5%… 61.4%… Plus 3.9%
Vistara… 8.7%… 9%… Plus 0.3%
Air India… 8.6%… 9.4%… Plus 0.8%
SpiceJet… 5.8%… 5.4%… Minus 0.4%
Akasa… 4%…. 4.8%… Plus 0.8%
Others… 9%… 9.6%… Plus 0.6%
Three Tata Group airlines together: 24.9%… 26.3%… Plus 1.4%
function loadGtagEvents(isGoogleCampaignActive) { if (!isGoogleCampaignActive) { return; } var id = document.getElementById('toi-plus-google-campaign'); if (id) { return; } (function(f, b, e, v, n, t, s) { t = b.createElement(e); t.async = !0; t.defer = !0; t.src = v; t.id = 'toi-plus-google-campaign'; s = b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t, s); })(f, b, e, 'https://www.googletagmanager.com/gtag/js?id=AW-877820074', n, t, s); };
window.TimesApps = window.TimesApps || {}; var TimesApps = window.TimesApps; TimesApps.toiPlusEvents = function(config) { var isConfigAvailable = "toiplus_site_settings" in f && "isFBCampaignActive" in f.toiplus_site_settings && "isGoogleCampaignActive" in f.toiplus_site_settings; var isPrimeUser = window.isPrime; if (isConfigAvailable && !isPrimeUser) { loadGtagEvents(f.toiplus_site_settings.isGoogleCampaignActive); loadFBEvents(f.toiplus_site_settings.isFBCampaignActive); } else { var JarvisUrl="https://jarvis.indiatimes.com/v1/feeds/toi_plus/site_settings/643526e21443833f0c454615?db_env=published"; window.getFromClient(JarvisUrl, function(config){ if (config) { loadGtagEvents(config?.isGoogleCampaignActive); loadFBEvents(config?.isFBCampaignActive); } }) } }; })( window, document, 'script', );
For all the latest business News Click Here
