Mumbai: Kingfisher Airlines Ltd. fell two notches to fifth place in local market share for November; government data showed on Thursday, as the unprofitable carrier cut routes, cancelled flights and reconfigured its planes for further cost-effective operations.
The airline, which was already trailing following market leader Jet Airways (India) Ltd. and budget carrier IndiGo, lost market share to national carrier Air India Ltd. and low-fare airline SpiceJet Ltd. in November.
Kingfisher, inhibited by liquor baron Vijay Mallya, was until September-end the second-biggest carrier in India by market share. It is now the second-smallest, merely prior to budget carrier Go Airlines (India) Ltd, the data reported.
The airline lately said that it would reconfigure its Airbus planes as it closed operating its non-viable low-fare brand Kingfisher Red.
The airline has closed a hunk of its unbeneficial flights. According to current reports, Kingfisher has stuck 15 of its aircraft as of a cash crunch, something the airline hasn’t officially commented on.
Thus, cutting capacity, Kingfisher supervised to clock load factors of 79.6% during November, exceeding all airlines but IndiGo at 88.7% and Jet Airways unit JetLite at 79.7%.