IndiGo was the largest single carrier in the Indian domestic market in Oct-2011, ahead of Jet Airways, with struggling Kingfisher Airlines falling to third place. SpiceJet emerged as the fastest growing carrier in the month, while Kingfisher was the slowest growing carrier in the market. With up to 55 daily service cancellations this month, Kingfisher will likely continue to see passenger number and market share losses in the coming months. This could result in slowing growth in Nov-2011 and Dec-2011.
India is currently the fastest growing domestic market in the world after Chile, with growth expected to continue despite the current financial challenges experienced by key players in the Indian aviation market. India’s domestic air travel market continued to show impressive growth in the first 10 months of 2011, with passenger numbers increasing 18.3% to 49.6 million passengers, averaging out at 4.96 million passengers per month.
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