Ways2Capital Reviews : Aviation Stocks To Be In Focus On Poor Passenger Data

According to DGCA, Domestic air passenger traffic has grown by 16.5% to 11.86mn in May 2018 over the same period a year ago. Even though the growth is reasoable, this is the first time in last 5 months that the growth has come below 20%.

The passenger load factors of various scheduled domestic airlines have also shown decreasing trend compared to the April month despite the tourist season. This may be on account of increase in capacity by most of the leading airlines.

Amongst the listed aviation stocks, Spice Jet had highest PLF of 94.8% (96% in April) , Indigo’s PLF was at 91.0% (92% in April), while Jet Airways had the PLF of 80% (86% in April).

The load factor of state-run Air India, in comparison, stood at 81.3% (84% in April) and
it carried 1.51 mn passengers in May.

Indigo topped the On-Time Performance (OTP) at four metro airports with 80.9%, followed by SpiceJet with 80%.

Out of the total passengers carried, Indigo had the highest market share of 40.9% followed by Jet Airways, Air India and SpiceJet at 15.2%, 12.8% and 12.5% respectively.
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About Bhoomi Desai