Amid the turbulent times that Jet Airways has been witnessing for the past few months, budget carrier IndiGo has emerged as a not so surprising beneficiary of all the chaos. With the airline being able to increase its market share to 47%, IndiGo has got the largest share of the pie even though all other carriers have recorded an increase in passengers as well post Jet Airways crisis, says a report by Prabhudas Lilladher.
“Taking advantage from the grounding of Jet Airways & Boeing 737 Max, IndiGo further consolidated its leadership position in the domestic market (pax carried) as its market share expanded… to 47%,” said the report. The grounding of Boeing 737 MAX airlines combined with the Jet Airways shut down has also helped SpiceJet, Go Air, Vistara and AirAsia with their market share now at 13.7%, 10%, 4% and 6% respectively, the report added.
