✈️ IndiGo dominates Indian skies with record market share
IndiGo significantly boosted its market dominance in July, achieving a record 67.4% domestic air traffic share. This gain occurred in India, where IndiGo outperformed Akasa Air, which dropped to 5.5%, and SpiceJet, which fell to 1.6%. Overall domestic passenger traffic contracted by 5% compared to last year, due to rising jet fuel costs. Analysts suggest this share rise might be temporary, dependent on fuel cost normalization and capacity restoration. The sector faces headwinds from high fares and reduced demand from price-sensitive travellers. ✈️