Report
Swarnendu Bhushan

MOSL: AVIATION-Domestic passenger growth for April 2017 at 15.2% YoY-Domestic load factor at 85.5%

​AVIATION: Domestic passenger growth for April 2017 at 15.2% YoY; Domestic load factor at 85.5%; IndiGo’s domestic ASK/RPK share highest

  • Domestic air passengers in India grew 15.2% YoY in April 2017 (v/s 15% YoY in March 2017 and 20% YoY in 4QFY17) to 9.1m. Passenger growth has been in double digits for the last 33 months.
  • While ASK growth in April was 13.4% YoY (v/s 16.9% YoY in 4QFY17 and 21% YoY in 3QFY17), RPK grew 15.4% YoY (v/s 19.3% YoY in 4QFY17 and 22.8% YoY in 3QFY17).
  • Load factor stood at 85.5% in April 2017 (v/s 85.7% in 4QFY17 and 84.8% in 3QFY17).

Domestic air passengers grew 15.2% YoY to 9.1m in April 2017

  • ​India's domestic air passengers grew 15.2% YoY to 9.1m in April 2017. Passenger growth has been in double digits for the last 33 months.
  • IndiGo’s passenger growth was 23.3% YoY in April 2017 (v/s 27% YoY in 4QFY17 and 43% YoY in 3QFY17).
  • SpiceJet’s domestic passenger volumes grew 15.2% YoY in April 2017 (v/s 19% YoY in 4QFY17).
  • Go Air’s domestic passenger volumes grew 9.4% YoY in April 2017 (v/s 25% YoY in 4QFY17).
  • Passenger volume growth for other airlines was as follows – Jet Airways: +7.2% YoY (v/s +2% YoY in 4QFY17); Air India: -1.7% YoY (v/s +5% YoY in 4QFY17). 

Provider
Motilal Oswal
Motilal Oswal

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Analysts
Swarnendu Bhushan

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