India’s DGCA has, at last, updated its traffic numbers through the 1Q20.  Here is a snapshot of our Indian Domestic Air model.  The model is available to subscribers to manipulate.

  • On an annualized basis, it looks like the market might be around 122.3m for the year – which is only 13.%% down on last year and will be an achievement if that works out.
  • Load factors through the 1Q were quite robust.
  • During the 1Q20 Indigo was close to half the market (49%) in flights and over half (52%) in passengers.  The Indian domestic market is sewed up between Indigo and at 69% of traffic.
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