MOSL: AVIATION-Domestic passengers increase 15.7% in August-ASK/RPK growth for IndiGo remains muted due to engine issues

​AVIATION: Domestic passengers increase 15.7% in August; ASK/RPK growth for IndiGo remains muted due to engine issues

• Domestic air passengers in India grew 15.7% YoY to 9.7m in August 2017 (v/s +12.5% YoY in July 2017). Passenger growth has been in double-digits for the last 37 months.
  
• Domestic ASK growth in August was 14% YoY (v/s +13% YoY July 2017) and RPK rose 16% YoY (v/s +12% in July 2017). While IndiGo’s ASK/RPK grew 6/8% YoY due to engine issues, SpiceJet’s ASK/RPK grew 31/33% YoY in August.
  
• Domestic industry load factor stood at 83.5% in August 2017 (v/s 83.2/85.9% in July/June 2017). IndiGo’s load factor stood at 83.6% v/s 83.7 in July 2017.
  

Domestic air passengers up 15.7% YoY to 9.7m in August

• ​India's domestic air passengers grew 15.7% YoY to 9.7m in August 2017. Passenger growth has been in double-digits for the last 37 months.
  
• IndiGo’s passengers grew slower at 10% YoY in August due to engine issues.
  
• GoAir’s passengers rose 15% YoY in August, after growing at 4% YoY in July due to engine issues.
  
• While IndiGo and GoAir faced engine issues, SpiceJet’s domestic passenger volumes grew 29% YoY in August (v/s 36.7% YoY in July 2017).
  
• Passenger volume growth for the other airlines was as follows: Jet Airways: +10% YoY (v/s +6.4/9.9% YoY in July/June 2017) and Air India: +6% YoY (v/s+2.9/ -5.5% YoY in July/June 2017).