IndiGo maintained its leading position in the domestic passenger market with a share of 47.4 percent in October but was lower than the September figure of 48.2 percent.
The share price of indigo operator Inter Globe Aviation rose to 1.5 percent intraday on 19 November after the market for the low-cost carrier declined.
The stock has lost 17 percent in the last month. It closed at Rs 1,439.15, Rs 19.75 or 1.35 percent on BSE at 1140.
With a 47.4 percent share in the domestic passenger market in October, IndiGo retained its leading position but was down from 48.2 percent in September.
Rival SpiceJet gained 16.3 percent market share during the month, up from 14.7 percent in the previous month.
According to data released by the Directorate General of Civil Aviation (DGCA) on 18 November, the total domestic air passenger traffic in October increased by 3.98 percent compared to the same month last year. It indicated that there was some recovery in the aviation sector during the tourist season.
According to the data, 12.31 million people flew compared to 11.84 million passengers in the same month last year.
DGCA said, “The passenger load factor in October 2019 has increased compared to the previous months mainly due to the onset of tourist season.”
However, passenger load factors of all major airlines – Air India, SpiceJet, GoAir, IndiGo, AirAsia and Vistara – declined in October compared to September this year according to DGCA data.
The passenger load factor measures the airline’s seat capacity utilization.
The market shares of Air India, GoAir, AirAsia and Vistara were 12.6 percent, 11.2 percent, 6.5 percent, and 5.4 percent respectively.