Vistara emerges second largest domestic airline by market share

Full-service Vistara emerged as the second biggest airline by domestic market share last month with a 10.4% pie of the sky, distantly second to the market leader IndiGo at 58.8%. The airline is Tata Sons’ joint venture with Singapore Airlines. The number three, four and five positions saw airlines separated by just decimal points — Air India (8.4%), GoFirst (8.2%) and SpiceJet (8%).

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India’s airlines carried 9.7 million passengers on domestic routes in July, almost double from a year earlier but lower than the 10.5 million passengers ferried in June 2022.

According to data from the aviation regulator:

• Vistara, which had a 7.5% market in January and around 9% in the subsequent months, climbed to 10.4% in July. Go First carried 8.2% of the domestic passengers last month, while SpiceJet flew 8%. SpiceJet and Go First have been forced to cut capacity, which helped Vistara overtake them in market share.
• After several technical snags in SpiceJet’s flights, the regulator ordered it to cut 50% of its approved capacity for the summer. GoAir grounded more than a fifth of its fleet, or over a dozen planes, due to engine supply problems.
• The combined market share for the three Tata Group airlines: Air India, Vistara and AirAsia India for July was 23.4%. IndiGo’s share was 2.5 times higher at 58.8%.

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