Report
Swarnendu Bhushan

MOSL: AVIATION-Domestic passenger growth at 20.2% YoY in June 2017-Domestic load factor at 86%

​AVIATION: Domestic passenger growth at 20.2% YoY in June 2017; Domestic load factor at 86%; IndiGo’s domestic ASK/RPK share highest

  • Domestic air passengers in India grew 20.2% YoY to 9.5m in June 2017 (v/s +17.6/15.2% YoY in May/April 2017). Passenger growth has been in double-digits for the last 35 months.
  • While ASK growth in June was 14% YoY (v/s +14.9/13.4% YoY in May/April 2017), RPK rose 20.9% YoY (v/s +18.1/15.4% in May/April 2017).
  • Domestic industry load factor stood at 85.9% in June 2017 (v/s 88.9/85.5% in May/April 2017).

Domestic air passengers up 20.2% YoY

  • ​India's domestic air passengers grew 20.2% YoY to 9.5m in June 2017. Passenger growth has been in double-digits for the last 35 months.
  • IndiGo’s passenger growth was 26.6% YoY in June 2017 (v/s 25.6/23.2% YoY in May/April 2017).
  • SpiceJet’s domestic passenger volumes grew 26.1% YoY in June 2017 (v/s 16.6/15.2% YoY in May/April 2017).
  • Go Air’s domestic passenger volumes grew 21.3% YoY in June 2017 (v/s 23.2/9.4% YoY in May/April 2017).
  • Passenger volume growth for other airlines was as follows: Jet Airways: +9.9% YoY (v/s +8.9/7.2% YoY in May/April 2017); Air India: -5.5% YoY (v/s -0.8/-1.7% YoY in May/April 2017). 

Provider
Motilal Oswal
Motilal Oswal

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Analysts
Swarnendu Bhushan

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