FREE

MOSL: AVIATION-Domestic air passengers increase ~20% in January; Domestic ASK/RPK grew at 16.8/17.9% YoY

AVIATION: Domestic air passengers increase ~20% in January; Domestic ASK/RPK grew at 16.8/17.9% YoY; domestic PLF at 89.1%

 

• Domestic air passengers in India grew 19.9% YoY to 11.4m in Jan-18 (v/s +17.8% YoY in Dec-17 and +18.4% YoY in 3QFY18). Passenger growth has been in double-digits for the last 42 months.
• Domestic ASK grew 16.8% YoY in Jan-18 (v/s +16.5% YoY in Dec-17 and +14.2% YoY in 3QFY18). RPK rose 17.9% YoY in Jan-18 (v/s +17.5% YoY in Dec-17 and +18.3% YoY in 3QFY18).
• Go Air’s PAX grew 39% YoY, led by ASK/RPK growth of 41.5%/40.3% in Jan-18. It received seven NEOs in the latter part of 3QFY18, which boosted capacity addition.
• IndiGo’s domestic ASK/RPK grew 15%/14.6% in Jan-18 (12.6%/11.8% in Dec-17), after recording muted growth over the last six months due to engine issues. IndiGo received seven NEOs post 17th Nov-17, which accelerated capacity addition in Jan-18/ Dec-17.
• Domestic industry load factor stood at 89.1% in Jan-18 (v/s 89.5% in Dec-17 and 87.8% in 3QFY18). IndiGo’s load factor stood at 89.7% in Jan-18 (v/s 90.8% in Dec-17 and 89.6% in 3QFY18).