Kingfisher losing ground in Indian aviation

Kingfisher losing ground in Indian aviation

Kingfisher has slipped into third place in terms of market share in the burgeoning Indian aviation market.

Troubled Kingfisher slipped down from second in September, ceding ground to budget airline IndiGo.

Government data showed Kingfisher was virtually level with state-run Air India, which had a share of 16.6 per cent.

Jet Airways remained the dominant carrier, with a market share of 24.8 per cent, which included its subsidiary JetLite.

Close on Kingfisher’s heels was budget airline SpiceJet with a share of 16.1 per cent.

Kingfisher is unlikely to recover lost ground in coming months because the loss-making carrier has cancelled scores of flights in November.

Domestic air traffic in India remained robust, growing 18.3 per cent in January-October from the same period a year ago to 49.6 million passengers.