Mumbai: The Jet Airways crisis was expected to bring market share gains for other airlines. IndiGo (InterGlobe Aviation Ltd), India’s largest airline by market share, has taken the largest bite, with its domestic market share rising 350 basis points to 46.9% in March, compared to February.
But market share gains have not come through for low-cost peer, SpiceJet Ltd. In fact, the measure has declined marginally by 10 basis points to 13.6% in March, compared to February. As the chart above shows, all other airlines gained, making SpiceJet the only airline to lose market share in March.
One basis point is one-hundredth of a percentage point.
