Jet Airways overtakes Kingfisher in market share

After two difficult years, the aviation sector is finally recovering as air traffic recorded a growth of 7.8% for the calendar year 2009 over the previous year. The revival in global economy along with eased corporate travel norms have resulted in an increase in the traffic.

The Directorate General of Civil Aviation released data that showed domestic airlines carried 445.13 lakh passenger against 412.71 lakh in 2008. The previous year was very hard for the sector as the high fuel prices had pushed up costs while tickets fares dropped because of low demand. During 2008-09 the passenger traffic recorded a dip and the sector lost an estimated Rs 10,000 crore because of high fuel costs and excess capacity.

Jet Airways emerged as the largest player in the domestic airline market at the year end 2009 by overtaking rival Kingfisher Airlines. Naresh Goyal-promoted Jet Airways’ combined market share was 26.5%.

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