India’s full service carriers continue to lose market share to their low cost rivals
India’s domestic low cost carriers continue to flood the nation’s aviation market with capacity, reducing both the capacity and market share of its full service competitors, as well adding to pressure on yields. LCCs did not enter the Indian market until 2004, when they comprised just 1.1% of capacity for the eight months ended Aug-2004. In the same period this year, LCCs comprised 53.5% of domestic capacity.
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