Tata Group-owned Air India stood a distant second with the airline flying a total of 11.98 lakh passengers in July. It had a market share of 9.9 per cent for the month
The industry's loss in the current financial year is projected to be Rs 11,000 crore to Rs 3,000 crore and reduce to Rs 5,000 to Rs 7,000 crore in the next fiscal, Icra said in a report
The domestic airlines, however, are likely to post a reduced net loss of Rs 14,000-16,000 crore in the next financial year on the back of a "notable recovery" in air passenger traffic and a lower level of debt.
In the intervening period, the airline is working on restoring and reviving its grounded aircraft, which will start returning to service soon, SpiceJet said in a statement.
A premier exhibition in the global aviation industry, Aero India is held biennially in a total area of around 35,000 sqm, providing opportunity to the industry to showcase its capabilities, products and services.
The domestic passenger load factor of the airlines industry, according to ICRA is estimated at 89 per cent in March 2023, against 82 per cent in the year- ago period and 87 per cent in March 2019 (pre-COVID levels)
