1 Revue De Presse 1-14 Mars 2019 the Liquidity Crunch, and The
1 Revue de presse 1-14 mars 2019 The liquidity crunch, and the subsequent delay in sealing a resolution deal, may have cost Jet Airways its second rank in Indian aviation's pecking order. At least on standalone basis, a metric to evaluate market share that excludes an airline's low-cost arm. Monthly data from regulator DGCA for January shows that SpiceJet, with a market share of 13.3 percent is now second to market leader IndiGo, which continues with its dominant position, at 42.5 percent. Jet Airways is not even third now. Air India takes that spot with 12.2 percent, followed by the Naresh Goyal-airline with 11.9 percent. Only solace for the distressed airline is the support given by its low cost arm Jet Lite, which has a share of 1.7 percent. Put together, Jet Airways has a total market share of 13.6 percent, taking it to the second place. The shift, in fact, had taken place in December itself. The market shares were - Air India at 12.4 percent, SpiceJet with 12.3 percent, and Jet Airways at 12.2 percent. A year ago, in January 2018, Jet Airways was sitting pretty with a market share of 14.3 percent, followed by Air India (13.3 percent) and SpiceJet (12.6 percent). Additionally, Jet Lite had a pie of 2.3 percent. The fall in its ranking is symbiotic of the troubles at Jet Airways. Even though its board, and later shareholders, gave nod for its resolution plan, the deal hasn't fructified yet.
[Show full text]