Market share of passengers carried in India FY 2018 by company
India’s aviation sector had increasingly emerged as a fast-growing industry. The sector had established itself as an affordable and credible alternative to the tedious and long journeys via road or rail. With a visible growth trend, it was estimated that by 2034, India would become one of the largest aviation markets in the world. As of 2018, the passenger carrier IndiGo was the leader in the segment with nearly 40 percent in the market.
IndiGo - the market leader
The Indian aviation sector grew by over 18 percent in the first quarter of financial year 2018, while over 300 million passengers were handled at Indian airports. Jet Airways held the largest market share after IndiGo as of 2018. But the former passenger carrier had suspended operations in April 2019 following financial difficulties, leaving the field open for the latter, with little competition from other players in the market.
A flight for the budget airline market
Indigo airline’s low cost and no-frills approach to domestic flying had been cited as one of the factors leading to its relative success in India. According to the Directorate-General of Civil Aviation, IndiGo airline carried over 43 million passengers during the fiscal year 2017. It was first among the country’s most punctual airlines with over 89 percent on-time arrivals. As a carrier that also had the least complaints from the customer, IndiGo’s popularity with the domestic base was high, soaring towards growth in the years to come.
IndiGo - the market leader
The Indian aviation sector grew by over 18 percent in the first quarter of financial year 2018, while over 300 million passengers were handled at Indian airports. Jet Airways held the largest market share after IndiGo as of 2018. But the former passenger carrier had suspended operations in April 2019 following financial difficulties, leaving the field open for the latter, with little competition from other players in the market.
A flight for the budget airline market
Indigo airline’s low cost and no-frills approach to domestic flying had been cited as one of the factors leading to its relative success in India. According to the Directorate-General of Civil Aviation, IndiGo airline carried over 43 million passengers during the fiscal year 2017. It was first among the country’s most punctual airlines with over 89 percent on-time arrivals. As a carrier that also had the least complaints from the customer, IndiGo’s popularity with the domestic base was high, soaring towards growth in the years to come.
