India deserves more than just two major airlines, and IndiGo's market share domination is not entirely of its own volition, as certain airlines have fallen by the wayside, said IndiGo Promoter and Managing Director Rahul Bhatia on Monday.
He also said that IndiGo will never be found guilty of "gouging" its customers and welcomes competition with the right cost structure.
Amid financial struggles, Jet Airways went bankrupt in 2019, and Go First went insolvent in 2023. In the first quarter of 2024-25, IndiGo held a 61 per cent share of the Indian domestic passenger market, while Tata-run Air India Group ― including Vistara - held a 28.7 per cent share.
"We welcome competition. A country like India deserves more than just two airlines. Just look at China: they have five or six major airlines and some smaller ones," Bhatia told reporters at an event where IndiGo launched its frequent flyer loyalty programme Blue Chip.
この記事は Business Standard の August 06, 2024 版に掲載されています。
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