International Travel - A Long-Term Opportunity, Near-Term Pain For India’s Aviation Sector, Says ICICI Securities
A traveler wearing a protective mask sits in a departure hall at the Indira Gandhi International Airport in New Delhi, India. (Photographer: T. Narayan/Bloomberg)

International Travel - A Long-Term Opportunity, Near-Term Pain For India’s Aviation Sector, Says ICICI Securities

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ICICI Securities Report

International travel remains a sore point in passenger traffic recovery for Indian airlines. Domestic and passenger traffics are down 72% YoY and 78% YoY respectively in FY21-to-date.

However, long-term opportunity remains big in the international segment for Indian airlines as they seek more parity in market share compared to their international counterparts in passenger as well as freight.

While Indian airlines carry only 36% of Indian international passenger movement, their international cargo share is even more skewed at 14% (both on the basis of last normal quarter of September-December 2019).

Click on the attachment to read the full report:

ICICI Securities Aviation Update.pdf

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