IndiGo's Rise Coincides with SpiceJet's Market Share Decline
SpiceJet's Market Share Dwindles
The domestic passenger market share of SpiceJet airline plunges to 2.3% as revealed by the latest data from the Directorate General of Civil Aviation (DGCA). This decline follows a troubling trend for SpiceJet, which has been struggling financially for the past several quarters. Last year, the airline boasted a significantly higher share of 7.3%.
Recent Passengers Count
In August, SpiceJet carried approximately 302,000 domestic passengers, marking a 44.2% decrease year-on-year. In contrast, the total Indian domestic passenger count rose to 13.1 million, reflecting a 5.7% increase from previous years. IndiGo, being the largest player in the industry, commanded a whopping 62.4% market share during the same period.
SpiceJet Market Share Trends
- January: 7.3%
- February: 7.1%
- March: 6.4%
- April: 5.8%
- May: 5.4%
- June: 4.4%
- July: 4.2%
- August: 2.3%
As the numbers reflect, SpiceJet's declining trend is evident, which raises important questions regarding its sustainability in the competitive airline sector.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.