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Vistara, Indigo Gain Market Share Despite Pandemic Headwinds

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Vistara, Indigo Gain Market Share Despite Pandemic Headwinds CHENNAI BusinessLine 7 WEDNESDAY • AUGUST 25 • 2021 NEWS Vistara, IndiGo gain market share Crude oil production down 3.22% in July April-July 2021 2021 stood at 6,477.08 TMT, duction level of July 2020. Cu­ 4.85 per cent lower than mulative crude throughput despite pandemic headwinds production stood 6,806.96 TMT in same period during April­July was 42,668 at 9,961.65 TMT last year. MT which is 17.94 per cent SpiceJet and AirAsia during the corresponding fewer flights compared to In­ Meanwhile, crude oil pro­ higher than corresponding period of the previous year, diGo and Vistara. “IndiGo, as a OUR BUREAU duction by private/JV com­ period of last year, the release lost market share thereby registering an annual matter of fact, has a huge fleet New Delhi, August 24 panies in the PSC/RSC regime added. during the period growth of 5.52 per cent and compared to SpiceJet and Crude oil production in July during July 2021 stood at Private refineries’ crude oil monthly growth of 137.59 per hence, has a huge fixed cost. So, 2021 came in at 2,548.78 thou­ 630.54 TMT, down 2.16 per processed during July 2021 FORUM GANDHI cent, DGCA’s data showed. rather than keeping its aircraft sand metric tonnnes (TMT), cent over production level of was 6,703.36 MT, 14.52 per Mumbai, August 24 parked, it flew more aircrafts down 3.22 per cent over the July 2020. cent higher than the corres­ Amid the Covid pandemic in Improvement in PLF compared to SpiceJet and production level of 2,633.62 ponding period of last year. the past year, Vistara and In­ Interestingly, despite losing hence gained market share,” TMT in July last year. Natural gas production Cumulative crude through­ diGo gained market share Vistara’s market share rose to market share, SpiceJet’s pas­ said an industry expert. Cumulative crude oil pro­ Natural gas production dur­ ONGC’s crude production in July put during April­July 2021 while SpiceJet and AirAsia lost 8.1 per cent senger load factor (PLF) im­ Delhi airport managed the duction during April­July ing July 2021 stood at 2,891.96 2021 stood at 1,664.94 TMT stood at 27,433.88 TMT, 7.61 market share. proved. “SpiceJet and Vistara first position based on passen­ 2021 stood at 9,961.65 TMT, MMSCM, up 18.36 per cent per cent higher than the According to the Directorate cent of the market share. On reported the highest PLF of 75 ger (domestic) count between 3.37 per cent lower than the over the production level of TMT, which is 9.64 per cent same period of last year. General of Civil Aviation’s data, the other hand, SpiceJet’s mar­ per cent and 69 per cent in July FY18 and Q1 of FY21. Mumbai production level of 10,308.91 July 2020. Cumulative nat­ higher than July 2020. Meanwhile, JV refineries’ in June 2021, IndiGo’s market ket share dropped from 16.8 21 respectively,” the report said. airport, which had lost the tonnes in the same month ural gas production during Cumulative crude through­ crude oil processed during share rose to 58.6 per cent from per cent in June 2020 to 9.1 per IndiGo’s PLF reached 66.6 per second position to Bangalore, last fiscal, an official release April­July 2021 was 11,060.07 put during April­July 2021 was July 2021 stood at 1,720.88 52 per cent during the same cent in June 2021 and AirAsia cent in July. PLF improved se­ regained it, followed by Ban­ said. MMSCM, 19.85 per cent higher 76,638.47 TMT, 15.58 per cent TMT, 18.93 per cent higher period last year. Vistara man­ lost approximately 3.6 per cent quentially in July 2021 for all galore and Hyderabad air­ ONGC’s crude oil produc­ than production during cor­ higher than the production than July 2020. Cumulative aged to catch up to 8.1 per cent of the market share, according airlines except Go First and Air ports. tion during July 2021 stood at responding period of last in corresponding period of crude throughput of JV re­ of the Indian aviation market to ICICI Securities’ analysis. Asia. Interestingly, Patna and Srin­ 1,664.94 TMT, lower than year. last year, the release added. fineries during April­July 2021 from 5.6 per cent during the Overall, passengers carried Aviation industry experts ex­ agar airports too have featured 1,738.56 in the same month CPSE refineries’ crude oil was 6,536.41 TMT, 40.96 per same period last year. by domestic airlines during plained that SpiceJet lost mar­ among the top ten airports in last year. On a cumulative Crude oil processed processed during July 2021 cent higher than production Go First (formerly GoAir), January­July 2021 stood at ket share despite having a India in FY22TD in terms of pas­ basis, ONGC’s crude oil pro­ Crude oil processed during stood at 10,959.40 MT, 5.64 in same period last year, the too, managed to get 2.3 per 393.44 lakh against 372.85 lakh strong PLF because it operated senger count. duction during April­July July 2021 stood at 19,383.64 per cent higher than the pro­ release added. ‘WEF head office services to Eyeing $46-b goods exports to FM to meet heads of PSBs PRESS TRUST OF INDIA structuring 2.0 scheme an­ New Delhi, August 24 nounced by the RBI, and liaison office won’t attract GST’ ASEAN in FY22, says Minister Finance Minister Nirmala banks may be nudged to push Sitharaman will meet heads loan growth in productive Activities don’t sues: whether activities by the ant where the establishment Engineering goods of public sector banks on sectors, they added. head office will be considered in India is a liaison office of an to make up $16 b Wednesday, sources said. Sitharaman is also expected constitute supply: as supply, whether this will at­ entity engaged in any business The meeting is expected to to take stock of bad loans and Maharashtra AAR tract GST and whether it has to activity. OUR BUREAU take stock of the banking sec­ NPAs and discuss various re­ take registration under GST “The fiction under Schedule New Delhi, August 24 tor and its progress on the re­ covery measures by banks. SHISHIR SINHA law. I of the CGST Act deems trans­ India hopes to export goods New Delhi, August 24 The AAR observed the LO is actions between related worth $46 billion to the ASEAN The Maharashtra AAR held not undertaking any ‘busi­ parties or branches of the countries in 2021­22 to reach that services rendered by the ness’ as defined in the law and same legal entity to be a tax­ the target of $400 billion set for head office of World Economic therefore, the able supply, merchandise exports for the Forum (WEF) located outside “activities/ser­ even if the fiscal, Minister of State for Com­ India to its liaison office (LO) vices received same is made merce, Anupriya Patel, said. will not attract Goods and Ser­ by the applic­ without any Of this, engineering goods India’s engineering exports in April to July of FY22 were $35.3 billion vices Tax (GST). ant from its HO considera­ exports to the bloc are likely to The Switzerland­based WEF, cannot be said tion. However, be worth $16 billion with both the world during the first four spanning goods, services and globally known for its annual to be in the due to a sym­ India and the ASEAN focussing months (April­July) of fiscal investment. India strongly feels summit at Davos and India course or fur­ biotic rela­ on increasing ties in the area, 2021­22 stood at $35.3 billion that an early review of ASEAN­ Economic Summit, estab­ therance of its tionship the Minister said at the India­ and may touch $105 billion by India Trade in Goods Agree­ lished the World Economic business and between the ASEAN Engineering Partner­ the end of the fiscal, according ment is essential towards real­ Forum Centre for the Fourth hence cannot be considered as branch and head office, it may ship Summit organised by to industry estimates. ising the full potential of our Industrial Revolution in San supply under GST law. Accord­ not always be possible to EEPC India. Patel talked about re­ar­ trade ties,” she said. Francisco, US. WEF has an LO in ingly, no GST will be levied and identify all the supplies being India’s goods exports to the rangement of global value India to undertake the Fourth also the applicant will not be made or even the flow of such 10­member ASEAN stood at chains due to Covid­19 and said Key points Industrial Revolution activit­ required to take registration supplies. Therefore, this de­ $31.5 billion (with overall goods that both India and ASEAN can Das said that Indian Missions ies in the country. WEF has here under GST law.” cision cannot be applied even exports from India at $292 bil­ play an increasingly important and Posts had been identified been granted permission by in case of a liaison office of lion) and reaching the target of role in the emerging order. as the key points of support for the RBI under Foreign Ex­ Two key factors non­business entity without $46 billion would call for an in­ ASEAN plays an important expanding India’s exports in change Management Act for According to Kalpesh Shah, examining the facts of that crease of around 50 per cent role as a source of raw material the markets abroad, and were the LO.
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