{"id":13334,"date":"2024-05-07T12:29:19","date_gmt":"2024-05-07T09:29:19","guid":{"rendered":"https:\/\/aviation-news.info\/?p=13334"},"modified":"2024-08-12T15:11:38","modified_gmt":"2024-08-12T12:11:38","slug":"indian-airlines-eyeing-a-meatier-pie-to-carry-half-of-countrys-international-traffic-too-by-fy28","status":"publish","type":"post","link":"https:\/\/aviation-news.info\/?p=13334","title":{"rendered":"Indian airlines eyeing a meatier pie; to carry half of country\u2019s international traffic too by FY28"},"content":{"rendered":"<p>Aviation News &#8211; Indian airlines that have \u201csuperior domestic connectivity\u201d are expected to carry half of the country\u2019s international traffic too by FY28. Additional aircraft, new routes in the international segment, and its domestic network would drive this hike in shares.<\/p>\n<p>According to a report by CRISIL, the share of Indian airlines in international passenger traffic originating from, terminating in, or transitioning through the country would surge 700 bps to ~50 per cent by fiscal 2028 from 43 per cent in 2024.<\/p>\n<p>\u201cThe improvement would be driven by Indian airlines deploying additional aircraft and adding new routes in the international segment, as well as their inherent advantage of superior domestic connectivity compared with foreign carriers. The business profiles of Indian carriers will strengthen as a result of their rising share in international traffic, which is more profitable than the domestic segment,\u201d stated the CRISIL report.<\/p>\n<p>India\u2019s international passenger traffic grew to around 70 million in fiscal 2024 from a low of 10 million in COVID-hit fiscal 2021. It would surpass the pre-pandemic level, said the report.<\/p>\n<p>\u201cA noticeable shift in spending patterns has emerged after the pandemic, as evident in the increasing inclination of Indians towards international leisure travel. Increasing disposable incomes, easing visa requirements, growing number of airports and enhanced air travel connectivity are boosting international travel,\u201d said Manish Gupta, Senior Director and Deputy Chief Ratings Officer, CRISIL Ratings, adding that the government\u2019s focus on making India a hub for tourism is also expected to provide a fillip to inbound traffic.<\/p>\n<div class=\"stoybday-ad\">\n<div id=\"div-gpt-ad-2\" data-google-query-id=\"CIqNo-aV-4UDFUVBpAQdl7AC2g\">\n<div id=\"google_ads_iframe_\/1007232\/Businesstoday_ROS_Desktop_300x250_MTF_1__container__\"><\/div>\n<\/div>\n<\/div>\n<p>This report comes as Indian airlines look to capture a large portion of the growth in the international passenger traffic as profit is higher due to higher yields and less intense competition. Indian airlines have added 55 new international routes over the past 15 months, taking the overall number beyond 300 routes.<\/p>\n<p>Indian airlines are aiming to deploy additional aircraft on short- and medium-haul international routes as well as leverage codeshare agreements with major global airlines. The report added that Indian airlines have certain advantages in cornering a larger share of the country\u2019s international traffic. \u201cThey have superior domestic connectivity than their overseas counterparts \u2013 which serve only select Indian cities \u2013 and can offer end-to-end international connectivity on a single ticket to travellers from Tier 2 and Tier 3 cities,\u201d stated the report.<\/p>\n<p>Ankit Kedia, Director, CRISIL Ratings stated that Indian airlines are investing in widebody and long-range narrowbody aircraft for network expansion, adding new international routes and introducing long-haul non-stop flights to key destinations to capitalise on the growth of international travel. He predicted a CAGR of 14-15 per cent in the international segment over the next four fiscals, taking the market share of Indian airlines to 50 per cent.<\/p>\n<p>&nbsp;<\/p>\n<div class=\"dottedimg\">Source: <a href=\"https:\/\/www.businesstoday.in\/industry\/aviation\/story\/indian-airlines-eyeing-a-meatier-pie-to-carry-half-of-countrys-international-traffic-too-by-fy28-428543-2024-05-07\">https:\/\/www.businesstoday.in\/industry\/aviation\/story\/indian-airlines-eyeing-a-meatier-pie-to-carry-half-of-countrys-international-traffic-too-by-fy28-428543-2024-05-07<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Aviation News &#8211; Indian airlines that have \u201csuperior domestic connectivity\u201d are expected to carry half of the country\u2019s international traffic too by FY28. Additional aircraft, new routes in the international segment, and its domestic network would drive this hike in shares. According to a report by CRISIL, the share of Indian airlines in international passenger &hellip;<\/p>\n","protected":false},"author":1,"featured_media":13335,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpscppro_dont_share_socialmedia":null,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"default","_twitter_share_type":"default","_linkedin_share_type":"default","_pinterest_share_type":"default","_linkedin_share_type_page":"","_instagram_share_type":"default","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":null,"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[102,88],"tags":[],"class_list":["post-13334","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured-en","category-flights"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Indian airlines eyeing a meatier pie; to carry half of country\u2019s international traffic too by FY28 - aviation news<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aviation-news.info\/?p=13334\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indian airlines eyeing a meatier pie; to carry half of country\u2019s international traffic too by FY28\" \/>\n<meta property=\"og:description\" content=\"Aviation News &#8211; Indian airlines that have \u201csuperior domestic connectivity\u201d are expected to carry half of the country\u2019s international traffic too by FY28. Additional aircraft, new routes in the international segment, and its domestic network would drive this hike in shares. 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