New Delhi, Nov 18 (IANS): Domestic air passenger traffic increased by 18.31 percent in October to 59.25 lakh passengers - up from 50.08 lakh ferried in the corresponding month last year.

According to data furnished by the aviation regulator Directorate General of Civil Aviation (DGCA), year-on-year basis there was an increase of over 8.61 percent in the passenger traffic.

"Passengers carried by domestic airlines during Jan-Oct 2014 were 550.68 lakh as against 507.03 lakh during the corresponding period of previous year thereby registering a growth of 8.61 percent," DGCA said in a statement.

The data showed that low-cost carrier IndiGo achieved the highest market share at 31.9 percent followed by Air India at 19.5, SpiceJet at 17.3 percent, Jet Airways at 16.4 percent, GoAir at 8.5 percent and JetLite at 4.1 percent.

Regional carriers Air Costa and AirAsia India reported 1.1 percent market share each.

Air India achieved the highest overall occupancy in the month under review at 83.5 percent, followed by SpiceJet at 80.1 percent, Air Costa at 78.1 percent, AirAsia India at 76.2 percent, IndiGo at 76.8, JetLite at 75.8 percent, Jet Airways at 73.1 percent and GoAir at 72.6 percent.

The data also showed that IndiGo had the highest cancellation rate of 2.35 percent followed by Air Costa at 1.86 percent, Air India at 1.45 percent, GoAir at 0.87 percent, JetLite at 0.86 percent, Jet Airways at 0.78 percent and SpiceJet at 0.64 percent.