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These are the top 5 Indian airlines based on their market share 2017-18

These are the top 5 Indian airlines based on their market share 2017-18

With a liberal policy of the government & lucrative market of aviation, many private airlines in India have emerged. With the rise of airlines & their fleets, India is ahead in the race of becoming the world’s largest aviation market.

refundme.in – India’s first flight compensation provider – based on DGCA’s stats & predictions have put together top 5 airline brands based on their market share for 2017-18. Aviation enthusiasts, read the following with undivided attention.

1. IndiGo – “Go IndiGo”

“IndiGo airline ranks in the first position with 39% market share”. The brand is owned by InterGlobe Enterprises primarily serving cities – Mumbai, Chennai, Kolkata, New Delhi & Bangalore.

There are 167 aircraft with the airline & has the largest fleet size in India among private airline companies.

Here are a few facts about the airline:

  • Fleet Size: 167, Orders: 437
  • Employees: 14,604 (as in March 2017)
  • Total Assets: Rs. 211 billion (US$3.1 billion) (FY 2017–18)
  • Net income: Rs. 22.43 billion (US$330 million) (FY 2017–18)
  • Revenue: Rs. 239.68 billion (US$3.5 billion) (FY 2017–18)

2. Air India – “Air India…Truly Indian”

Air India, the oldest airline company in India is spread over all the major as well as small cities of India. Was founded in July 1930 with the initial name Tata Airlines & soon started its operations on 15th October 1932. The foundation of the airline was led by one of the greatest industrialist JRD Tata – also known as the father of aviation.

Air India has a market share of 13%. The brand caters major, short, medium level destinations in India & across the globe.

Here are a few facts about the airline:

  • Fleet Size: 118
  • Employees: 20,956 (as in November 2016)
  • Net income: Rs. 57.65 billion (US$840 million) (FY 2016–17)
  • Revenue: Rs. 222 billion (US$3.2 billion) (FY 2016–17)

3. SpiceJet – “Flying for Everyone”

SpiceJet is another airline brand in India having a market share of around 13.2 %. The airline came into force in 1993 initially as “ModiLuft” & started continuing operations on 5th May 1993.

The brand serves in key cities of India namely – Pune, Chennai, Ahmedabad, Goa and more. Earlier, it was owned by the NRI group and later it was absorbed by the “media king Kalanithi Maran”. Maran sold his shares back to Ajay Singh back in 2015.

Here are a few facts about the airline:

  • Fleet Size: 58, Orders: 169
  • Employees: 6902 (2017)
  • Total Assets: Rs. 4109 crore (US$600 million) (FY 2018)
  • Net income: Rs. 557 billion (US$81 million) (FY 2018)
  • Revenue: Rs. 7933 billion (US$1.2 billion) (FY 2018)

4. GoAir – “Fly Smart”

GoAir is one of the most popular budget airlines in India. It was promoted by the Wadia Group & founded in the year 2005, started operations in November 2005. Its aircraft serves in more than 23 destinations. The GoAir has a headquarter in Worli, Mumbai, Maharashtra.

Here are a few facts about the airline:

  • Market Share: 8.5%
  • Fleet Size: 38, Orders: 125
  • Profit: Rs. 205 crore (US$30 million) (FY 2017)
  • Revenue: Rs. 3513 crore (US$510 million) (FY 2017)

5. AirAsia India – “Now Everyone Can Fly”

AirAsia India is a new entrant in the aviation market of India. The brand was established on 28th March 2013 and started its operations from 12th June 2014. Kempegowda International Airport, Bengaluru acts as an operating base for this airline company. AirAsia India operates to & around 21 destinations.

Here are a few facts about the airline:

  • Market Share: 3.7%
  • Fleet Size: 18

These are the 5 top airline brands as per their market share – provided by DGCA for FY 2017-18.

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refundme.in is India’s first & air passenger’s trusted air travel compensation & air passenger rights provider. Having a dignified team of civil aviation experts & legal bodies, the team acts on the claims of denied boarding & cancelled flights to help passengers recover the compensation sum. Soon targetting to act on the cases of baggage loss & delayed flights.

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