Analysis of Aviation Data (Apr’19)

Directorate General of Civil Aviation(DGCA) reported that Domestic air passenger traffic plunged by 4.5% consisted of 10.99 million passengers in Apr’19 as compared to 11.51 million passengers in Apr’18, which fell for the first time in 6 years. Such steep fall was seen due to grounding of operations of Jet Airways on April 17, 2019 due to lack of funds. More than 800 daily flights were pulled out of the market, leading to a capacity cut, which ultimately shrank the market in April. The last time such a traffic slumped was in Jun’13 by 3% to 4.86 million passengers, after Vijay Mallya's Kingfisher Airlines shut shop.

Domestic industry Passenger load factor (PLF) inclined to 87.5% in Apr'19 vs 86.5% in Mar’19. Revenue Passenger Kilometer (RPK) declined 2.1% YoY in Apr’19 vs growth of 3% YoY in Mar’19. Available Seat Kilometer (ASK) was flat YoY in Apr’19 vs growth of 4.7% in Mar’19.




Market Share in Mar’19

Market Share in Apr’19 (MoM)

Market Share in Apr’18 (YoY)





Jet Airways




Spice Jet




Air India






  • • As seen from the above table, Jet’s grounding helped rival IndiGo to solidify its position as the largest airline in India. It flew a record 54.81 lakh passengers during Apr, the highest ever since inception. While company’s passenger load factor came to 87.8% in Apr’19 vs 86.0% Mar’19, we believe the market share of IndiGo will be around 51-52% in near term as resolution plans for Jet Airways are not working.

    • Jet Airways market share fell due to the suspension of operations of the company while company’s passenger load factor came to 76.3% in Apr’19 vs 86.7% in Mar’19. Jet’s key slots and several planes, deregistered due to nonpayment of lease rentals and have been allocated to rival companies on a temporary basis. We believe the operations of Jet airways will remain discontinued in near term due to non-working resolution plans of the company.

    • Spice Jet market share fell as it flew 1.52 million passengers in Apr’19 vs 1.54 million passengers in Mar’19. Spice Jet passenger load factor came to 93.7% in Apr’19 vs 93.0% in Mar’19. We believe Spice Jet will also increase their market share as they have already launched 20 new domestic flights (new planes were inducted from 1st May’19) and also planning to add more than 50 to its fleet during the current calendar year.

    • Air India market share increased in Apr’19 as it flew 1.44 million passengers in Apr’19 vs 1.40 million passengers in Mar’19. Air India passenger load factor came to 81.2% in Apr’19 vs 80.8% Mar’19.


DGCA also said that during Apr’19, a total of 1,218 passenger-related complaints had been received by the scheduled domestic airlines. The number of complaints per 10,000 passengers carried for the month of Apr 2019 has been around 1.11.

Jet Airways had 52.9 complaints per 10k passengers in the month of April while Air India was on second position with 1.6 complaints per 10k passengers, as per the DGCA data.

The aviation regulator said that 35.5% of the total complaints received by domestic airlines in April were related to refund issues.


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