Jet Airways has slipped to the fourth position in domestic market following grounding of over half of its fleet and with no resolution in sight, its pilots union have sought Prime Minister Narendra Modi’s intervention to protect the airline. Many pilots are also leaving the airline and around 260 of them attended interview at SpiceJet today.
IndiGo continued its leadership with 43.4 per cent market share in February while Jet Airways slipped to 11.4 per cent share below SpiceJet (13.7) and Air India (12.8). Jet’s market share fell nearly two percentage points over January.
Domestic airlines flew 11.3 million passengers in February registering a growth of 5.62 per cent on a year on year basis. This is second consecutive month of single digit growth after over four years continuous double digit growth. In January the year on year traffic growth was 9.1 per cent.
