MOSL: AVIATION-Domestic air passengers increase 16.9% in November-Domestic PLF at a record high of 89.2% due to muted ASK growth

​AVIATION: Domestic air passengers increase 16.9% in November; Domestic PLF at a record high of 89.2% due to muted ASK growth

• Domestic air passengers in India grew 16.9% YoY to 10.5m in November (v/s +20.6% YoY in Oct-17 and +15% YoY in 2QFY18). Passenger growth has been in double-digits for the last 40 months.
  
• Domestic ASK growth was 10.2% YoY in November (v/s 15.7% YoY in Oct-17 and 14% YoY in 2QFY18). RPK rose 16.4% YoY in November (v/s 21% YoY in Oct-17 and 15% YoY in 2QFY18). IndiGo's domestic ASK/RPK grew slowest among peers at 2.9/6.1% YoY in November.
  
• Domestic industry load factor stood at a record high of 89.2% in Nov-17 (v/s 84.8% in Oct-17 and 83.7% in 2QFY18). IndiGo's load factor also increased to 90.7% in Nov-17 (v/s 87.3% in Oct-17 and 84.1% in 2QFY18).
  

Domestic air passengers up 16.9% YoY to 10.5m in November

• India's domestic air passengers grew 16.9% YoY to 10.5m in November 2017. Passenger growth has been in double-digits for the last 40 months.
  
• IndiGo’s passengers grew slowest at 9.5% YoY in November (v/s 11.9% YoY in Oct-17 and 10% YoY in 2QFY18) among peers.
  
• GoAir’s passengers rose 29.8% YoY in Nov-17 (v/s 34.3% YoY in Oct-17 and 12% YoY in 2QFY18).
  
• SpiceJet’s domestic passenger volumes grew 15% YoY in Nov-17 (v/s 21% YoY in Oct-17 and 31% YoY in 2QFY18).
  
• Passenger volume growth for the other airlines was as follows: Jet Airways: +18% YoY (+9% YoY in 2QFY18) and Air India: +23.3% YoY (+6% YoY in 2QFY18).