Indian airlines' international passenger share projected to rise to 50% by FY28, driven by additional aircraft, new routes, and domestic connectivity advantage.
Indian airlines' share in international passenger traffic is expected to surge to 50% by FY28, up from 43% in FY24, according to credit rating agency Crisil. This growth is attributed to the deployment of additional aircraft, new international routes, and Indian airlines' inherent advantage of superior domestic connectivity compared to foreign carriers. The rise in share is expected to strengthen the business profiles of Indian carriers as international traffic is more profitable than domestic.
May 06, 2024
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