We bring to you the “Domestic Airlines Report Card” for the month of January, 2016. We take a look at the Number of Passengers carried, Market Share of Each Carrier, Passenger Load Factor and others. (Here is the Report Card for December, 2015)
Passengers Carried and Market Share
The total number of passenger carried during the month of January, 2016 stood at 76.55 lakhs compared to 62.45 lakhs during the same month of the previous year. This resulted in a growth of +22.58% (YoY).
Indigo Airlines – the market leader with +35.6% market share, carried 27.26 lakh passengers compared to 22.76 lakh passengers during the same month of the previous year, resulting in a growth of +19.8%.
Passenger Load Factor
Passenger load factor, or load factor, measures the capacity utilization of public transport services. It is generally used to assess how efficiently a transport provider “fills seats” and generates fare revenue.
While Industry managed an avg. of 83.3% PLF, market leader Indigo managed a 84.7% PLF beaten by both SpiceJet at 92.1% and GoAir at 84.9%
Cancellations
The overall cancellation rate of scheduled domestic airlines for the month of January, 2016 has been 1.1%. The Overall cancellation rate is generally influenced by bad weather, unfavorable flight conditions, low visibility, conditions at airports etc.
Reasons for Cancellation:
- Miscellaneous 47.9%
- Weather 32.9%
- Technical 13.6%
- Operational 4%
- Commercial 1.6%
Here is how the Cancellation Rate has been over the past 12 months:
Source: Directorate General of Civil Aviation (India)
Disclaimer
Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.
Disclosure: The authors at Capital Mind have positions in the market and some of them may support or contradict the material given above, or may involve a direction derived from independent analysis.
