Mumbai: Domestic carriers have some tailwind coming up in the second half of the year, with passenger traffic showing signs of recovery.
“Currently, factors like big-ticket announcements by the central government, stability in exchange rates and industrial climate are all hinting at a better economic performance, which will have a direct impact on air travel,” said a top official at one of the domestic airlines.
An official of another airline concurred. “The market is expected to be stable in the second half of the year.”
Both asked not to be named.
As such, 2012 was not a good year for the industry, though the carriers managed to gain from the limited capacity post withdrawal of Kingfisher Airlines. Jet Airways too withdrew services on some unprofitable routes.
11/02/13 Yuga Chaudhari/Daily News & Analysis
