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Air India vs IndiGo vs SpiceJet - What numbers reveal about India’s aviation market in September
· LiveMint Companies
IndiGo remains India's largest airline with over 50% market share and 11.3 million seats despite a 4.5% capacity decrease. Air India and Air India Express follow, with notable reductions. Emirates was the only foreign airline to increase capacity, while low-cost carriers hold 69% of the market.
The analysis
Because the driver here is macro rather than company-specific, the read-through is to index-level positioning rather than to any single name — correlations tend to rise when the whole market faces the same signal.
Market context
- This is a market-wide development — its reach goes beyond any single stock.