Saturday, February 21, 2015

Vistara flew with half its seats vacant in Jan

Mumbai: Vistara, the full-service joint venture between Tata Sons and Singapore Airlines that launched its service on January 9, flew with more than half its seats vacant in the first month, show Directorate General of Civil Aviation (DGCA) data. Also, after years, the market share of domestic airline SpiceJet in January slipped into a single digit, 9.4 per cent, thanks to recent financial crises.

Vistara reported a passenger load factor (PLF, or an indicator of occupancy) of 45.4 per cent, substantially lower than other airlines, more so when compared with other full-service peers. Jet Airways' PLF stood at 87 per cent, while Air India had 82.4. The highest in the month, of 87.4 per cent, was reported by JetLite, subsidiary of the Naresh Goyal-controlled Jet Airways.

Compared with Vistara, the performance of AirAsia, another new player in Indian skies that launched operations in June last year, was much better. AirAsia India in January reported a PLF of 76.3 per cent, slightly lower than the 80 per cent achieved the previous month. Vistara operates on the Delhi-Mumbai, Delhi-Ahmedabad and Mumbai-Ahmedabad routes.
20/02/15 Business Standard
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