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Domestic Airlines Growth At 22.6%, Indigo Receives 2 More A320neos In November

Domestic Airlines Growth At 22.6%, Indigo Receives 2 More A320neos In November

Aakash Agarwal2 min read
Quick Facts
What is "Domestic Airlines Growth At 22.6%, Indigo Receives 2 More A320neos In November" about?
What category is this article in?
Charts And Analysis
Who wrote this article?
Aakash Agarwal, Capitalmind's research team.
When was this article published?
Published 20 December 2016.
How long does this article take to read?
2 min read
What topics does this article cover?
Airlines
What does the "Passengers Carried and Market Share" section say?
The total number of passenger carried during the month of November, 2016 stood at 89.75 lakh compared to 73.22 lakh during the same month of the previous year. This resulted in a growth of +22.58% (YoY). The total number of passenger carried for the period January to November, 2016 stood at 903.45 lakh compared to 733.82 lakh during the same month of the previous year. This resulted in a growth of +23.12% (YoY). Indigo Airlines – the market leader lost 0.6% market share at 42% with its pax growth at 45.2%. Indigo has now received a total of 12 A320 neos (with 2 coming in during November). With this, order book now has an outstanding 398 A320 neos and 20 A321 neos. In an interview with Hindustan Times, here is what IndiGo's President and whole-time Director Aditya Ghosh had to say:
What does the "Passenger Load Factor" section say?
Passenger load factor, or load factor, measures the capacity utilization of public transport services. It is generally used to assess how efficiently a transport provider “fills seats” and generates fare revenue. First time since December of last year, Indigo broke into the 88% load factor with Go Air still below its July high of 90.3%.
What does the "Cancellations" section say?
The overall cancellation rate of scheduled domestic airlines for the month of October, 2016 has been 1.2%. The Overall cancellation rate is generally influenced by bad weather, unfavorable flight conditions, low visibility, conditions at airports etc. Cancellations for November were mostly due to bad weather conditions which was responsible for cancellation of every second flight.
What does the "This is how the Cancellation Rate has been over the past 12 months:" section say?
Source: Directorate General of Civil Aviation (India)

We bring you the “Domestic Airlines Report Card for India” for the month of November, 2016. We take a look at the Number of Passengers carried, Market Share of Each Carrier, Passenger Load Factor and others. (Here is the Report Card for October, 2016)

Passengers Carried and Market Share

The total number of passenger carried during the month of November, 2016 stood at 89.75 lakh compared to 73.22 lakh during the same month of the previous year. This resulted in a growth of +22.58% (YoY).

The total number of passenger carried for the period January to November, 2016 stood at 903.45 lakh compared to 733.82 lakh during the same month of the previous year. This resulted in a growth of +23.12% (YoY).

Indigo Airlines – the market leader lost 0.6% market share at 42% with its pax growth at 45.2%.

Indigo has now received a total of 12 A320 neos (with 2 coming in during November). With this, order book now has an outstanding 398 A320 neos and 20 A321 neos.

In an interview with Hindustan Times, here is what IndiGo’s President and whole-time Director Aditya Ghosh had to say:

We are focused on profitable growth. We are not here to run an airline for the next one month

We have ordered airplanes which are coming all the way for the next 12 years. So it’s (focus is) about growing profitably, about building a large consistent and reliable air transportation network. It’s not about what happens in the next 20 days.

On tweaking orders of 20 A320neos to A321 neos - We have the flexibility to do so. We will see how it goes. We are the launch customers. The A321neo can seat 240 passengers while the A320neo can accommodate 189 passengers.

Passenger Load Factor

Passenger load factor, or load factor, measures the capacity utilization of public transport services. It is generally used to assess how efficiently a transport provider “fills seats” and generates fare revenue.

First time since December of last year, Indigo broke into the 88% load factor with Go Air still below its July high of 90.3%.

Cancellations

The overall cancellation rate of scheduled domestic airlines for the month of October, 2016 has been 1.2%. The Overall cancellation rate is generally influenced by bad weather, unfavorable flight conditions, low visibility, conditions at airports etc.

Cancellations for November were mostly due to bad weather conditions which was responsible for cancellation of every second flight.

This is how the Cancellation Rate has been over the past 12 months:

Source: Directorate General of Civil Aviation (India)

Tagged:Airlines