LCCs Gain Share

Low cost carriers, per latest data from the DGCA, now have a majority share of total domestic passengers. Full service carriers including Jet and kingfisher have lost share mainly to Spice Jet and Indigo Airlines. The price promotions by Spice probably helped it to gain share this past quarter. Of course while the entire game of market share is being played, the airline industry is expected to lose Rs 4,000 Crores collectively.