MOSL: AVIATION-Apr’19: Domestic air PAX crashes into negative growth, declines ~4.4% YoY-Domestic PLF at 87.5% (-200 bps YoY)
Aviation: Apr’19: Domestic air PAX crashes into negative growth, declines ~4.4% YoY; Domestic PLF at 87.5% (-200 bps YoY)
- Domestic air passenger (PAX) growth in India continued its downward journey, declining 4.4% YoY in Apr’19 to 11.0m (v/s flat YoY in Mar’19 and growth of 4.9% in 4QFY19). In last six years, domestic PAX declined for the first time, by 4.4% YoY in Apr'19. Indigo PAX grew 19.7% YoY, with the company touching 50% market share in Apr’19.
- Domestic industry load factor declined by ~200bps YoY in Apr'19 to 87.5% (v/s 86.5% in Mar'19 and 87.1% in 4QFY19).
- Revenue Passenger Kilometer (RPK) declined 2.1% YoY in Apr’19 (v/s growth of ~3% YoY in Mar’19 and 7.8% in 4QFY19).
- Available Seat Kilometer (ASK) was flat YoY in Apr’19 (v/s growth of ~4.7% in Mar’19 and 10.5% in 4QFY19).
- ATF price for the month (Domestic – Delhi) increased 1% MoM to INR63,472/Kl.
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