On Friday, the Directorate General of Civil Aviation released the aviation data for the month of July which moved the stocks of aviation companies — InterGlobe Aviation, Jet Airways, and SpiceJet.
InterGlobe Aviation, the parent company of IndiGo, had a 2.37% decline in its stock price, reaching an intraday low of Rs 1,974.65. SpiceJet’s shares dipped 1.4% while Jet Airways’ stock increased 4.5%.
In July, domestic airlines carried 97.05 lakh passengers, a 7.7% decrease from June, according to the data provided on Thursday. In total, 6.69 crore individuals flew domestically between January and July of 2022.
The greatest market share was held by IndiGo, with Vistara, Air India, and GoFIRST following closely after.
Share of passengers in the domestic market
According to the DGCA, IndiGo, the largest airline in India, transported 57.11 lakh passengers in July, accounting for 58.8% of the domestic market.
As per information provided by the DGCA, Air India and Vistara each carried 8.14 lakh passengers in July of this year.
The data showed that in July, Go First, SpiceJet, AirAsia India, and Alliance Air handled 7.95 lakh, 7.76 lakh, 4.42 lakh, and 1.12 lakh passengers, respectively.
Occupancy rate
However, IndiGo, AirAsia India, and GoFIRST saw a decrease in their month-over-month passenger load factor (PLF), which measures how well a transportation service fills seats and produces fare income. Vistara and SpiceJet reported a rise in PLF.
According to the DGCA, SpiceJet’s occupancy rate or load factor in July was 84.7%. According to the statement, the occupancy rates for Vistara, IndiGo, Go First, AirAsia India, and Air India in July were 84.3%, 77.7%, 76.5%, 75.2%, and 71.1%, respectively.