Kingfisher sees steep market share decline – and led loss-making list of private carriers in 2008/09
The Indian Ministry of Civil Aviation (MoCA) report on Indian domestic traffic in Oct-2009, showed total passenger numbers of 4.0 million, a 26.7% year-on-year increase. Kingfisher reported carriage of 823,000 passengers, up 84.9% compared with Oct-2008 (Air Deccan’s passenger numbers were not consolidated with Kingfisher’s passenger statistics until Dec-2008). The underlying result is a drop in Kingfisher/Air Deccan passenger numbers, which, having peaked in May-2009, have since steadily declined, resulting in a steep market share loss. [1200 words]
Unlock the following content in this report:
- Kingfisher aims to retire debt from fundraising –and foreign investment would be welcomed
- However, growth is not totally off the agenda.
- Debt to Airports remains a concern, but arrangement on fuel bill settled at last
- More losses in 2009
- LCC vs FSC cost gap reducing – but no joy on the bottom line
- Meanwhile, the alliance with Jet Airways remains slow-going
Graphs and data:
- India domestic market share: Oct-2009
- Kingfisher and Air Deccan domestic market share: Jan-2008 to Oct-2009
- Kingfisher Airlines and Deccan combined domestic passenger numbers (thousands) and passenger numbers growth (%): Oct-2008 to Oct-2009
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