Jet, JetLite overtake Kingfisher
Private carrier Jet Airways and its low cost subsidiary JetLite have bounced back to the number one position in domestic market share overtaking Kingfisher Airlines after a gap of over one year.india Updated: Aug 13, 2009 00:19 IST
Private carrier Jet Airways and its low cost subsidiary JetLite have bounced back to the number one position in domestic market share overtaking Kingfisher Airlines after a gap of over one year.
Jet and JetLite, which are working in sync and operating in code share, have registered more than 2.5 per cent growth in market share in July, taking their combined market share to 26.3 per cent as compared to Kingfisher’s 23 per cent.
Jet Airways reported market share of 18.9 per cent, up from 16.6 per cent in June while JetLite’s market share improved marginally from 7.3 per cent to 7.4 per cent.
In the April to June quarter Kingfisher had a market share of 24.4 per cent, India’s largest.
“This is the highest one month rise. We are number one again. This is primarily due to the big impact made by our low fare service Jet Airways Konnect (JAK),” said a senior Jet Airways official.
Recently, Vijay Mallya stated that Kingfisher would not chase market share but would rather concentrate on profitability by cutting cost.
IndiGo increased its share to 14 per cent from 13.6 per cent a month ago while Air India (domestic) witnessed a drop in market share from 17.5 per cent to 16.2 per cent in July.
SpiceJet’s market share dropped to 12.5 per cent from 12.8 per cent in the previous month while Go Air upped it from 5.4 per cent to 5.7 per cent. Paramount maintained its market share at 2 per cent.
Indicating the decline in air travel, domestic airlines flew 35.97 lakh (3.59 million) passengers in July as compared to 36.94 lakh (3.69 million) passengers in June 2009.
MDLR airline having a market share of 0.3 per cent reported highest seat load factor at 93.2 per cent, followed by Paramount at 85.9 per cent.