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 in the same month last year.
Kingfisher Airlines' market share hits rock bottom
