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MOSL: AVIATION-Domestic passenger growth for May 2017 at 17.6% YoY-Domestic load factor at 88.9%

​AVIATION: Domestic passenger growth for May 2017 at 17.6% YoY; Domestic load factor at 88.9%; IndiGo’s domestic ASK/RPK share highest

Domestic air passengers in India grew 17.6% YoY to 10.1m in May 2017 (v/s 15.2% YoY in April 2017 and 20% YoY in 4QFY17). Passenger growth has been in double-digits over the last 34 months.

While ASK growth in May was 14.9% YoY (v/s 16.9% YoY in 4QFY17 and 21% YoY in 3QFY17), RPK rose 18.1% YoY (v/s 19.3% YoY in 4QFY17 and 22.8% YoY in 3QFY17).

Highest-ever load factor at 88.9% in May 2017 (v/s 85.7% in 4QFY17 and 84.8% in 3QFY17).

Domestic air passengers up 17.6% YoY in May 2017

• India's domestic air passengers grew 17.6% YoY to 10.1m in May 2017. Passenger growth has been in double-digits over the last 34 months.
  
• IndiGo's passenger growth was 25.6% YoY in May 2017 (v/s 27% YoY in 4QFY17 and 43% YoY in 3QFY17).
  
• SpiceJet's domestic passenger volumes grew 16.6% YoY in May 2017 (v/s 19% YoY in 4QFY17).
  
• Go Air's domestic passenger volumes grew 23.2% YoY in May 2017 (v/s 25% YoY in 4QFY17).
  
• Passenger volume growth for other airlines was as follows: Jet Airways: +8.9% YoY (v/s +2% YoY in 4QFY17); Air India: flat YoY (v/s +5% YoY in 4QFY17).