Why SpiceJet lost market share in March despite Jet Airways crisis
- SpiceJet's unimpressive performance in March is seen as a one-off and was owing to the ban Boeing 737 Max aircraft
- Investors are gung-ho about gains that SpiceJet would get from Jet Airways’ crisis, and that reflects in its share prices
Mumbai: The Jet Airways crisis was expected to bring market share gains for other airlines. IndiGo (InterGlobe Aviation Ltd), India's largest airline by market share, has taken the largest bite, with its domestic market share rising 350 basis points to 46.9% in March, compared to February.
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