Low-fare airline SpiceJet Ltd bagged the maximum number of airport slots vacated by Jet Airways (India) Ltd after its grounding on 17 April, a research report said.
According to an Elara Capital report released on Wednesday, the Ajay Singh-led airline won 43% of these slots in the March-June period at Mumbai and Delhi airports, followed by IndiGo (32%), GoAir (13%), Vistara (7%) and AirAsia India (4%).
“Given Delhi and Mumbai airports comprised 60% of domestic passenger movement during FY19, we believe these two airports are proxy of all-India market share gain by carriers at the expense of Jet Airways,” Elara Capital said in its report.
“As a consequence, we expect SpiceJet’s market share to rise by 6%, followed by IndiGo at 5% and GoAir at 2%,” it added. Read More