March has sprung up surprises for the airline industry as fullservice carrier Jet Airways lost passenger share in spite of offering heavily discounted air tickets aimed at garnering more air traffic, while arch-rival Air India was able to bounce back and regain lost market share.
Official data from the aviation regulator DGCA shows that while budget carrier IndiGo continued to be the largest airline by number of passengers flown garnering 27.4% of the domestic flier base, Jet Airways' market share dropped to 23.8% in March compared with 25.4% in February.
Budget carrier SpiceJet continued to hold on to the number three spot it gained in February with 20.4% of the domestic market pie, while national carrier Air India bounced back from 18.9% market share in February to come neck-to-neck with Spice-Jet at 20.2% market share in March. GoAir, too, increased its market share to 8.1% in March.
The last month was also significant in domestic aviation business as air travel demand picked up after 11 continuous months of decline by 1.58% to 51.81 lakh in comparison with February.