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Domestic aviation sector update – November 2010
Domestic passenger traffic witnessed growth for the 11th consecutive month, up by 4.3%
mom to 48.8lakh (46.8lakh) passengers in November 2010. For the 11 months (January–
November 2010), passenger traffic grew by robust 18.9% yoy to 468.1akh (393.5lakh)
passengers.
In December 2010, SpiceJet witnessed a 12.2% yoy and 3.2% mom increase in domestic
passenger traffic to 6.5lakh, currently the fifth largest carrier in the domestic market
behind Kingfisher (9.3lakh), Jet Airways (9.3lakh), Air India (8.4lakh) and IndiGo
(8.4lakh).
The industry’s overall load factor witnessed mom growth in November, primarily due to
strong tourist demand during the festive season. During the month, load factors for
Kingfisher, IndiGo, SpiceJet, Jet Airways and Air India stood at 86.7%, 91.0%, 87.5%,
77.0% and 76.9%, respectively.
At the end of the month, market shares of major industry players stood at 17.1% for Air
India (Domestic), 19.2% for Jet Airways, 7.0% for JetLite, 19.1% for Kingfisher, 13.3% for
SpiceJet, 6.9% for GoAir and 17.3% for IndiGo. We continue to maintain our Neutral
rating on SpiceJet.
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