Kingfisher Airlines’ market share hits rock bottom

Kingfisher Airlines has become India’s smallest scheduled airline in terms of market share. Cuts in capacity and flights have reduced the airline to a shell of its former self. According to latest DGCA figures, Kingfisher had a 6.4% market share in March, while Wadia Group’s GoAir – which was so far the smallest scheduled carrier – was ahead at 7.5%. JetLite took 7.3%. In response to the cut in capacity, domestic airlines have increased fares by 20-40%, which has impacted traffic numbers. Domestic air traffic fell to 48.7 lakh people taking to the skies in March as against 48.2 lakh