NEW DELHI: After two years of slack, India's air traffic growth has seen a strong recovery and demand prospects have turned bright, although only for the 'fittest' airlines such as IndiGo and Jet, an HSBC report has said.
According to the global financial services major, the demand outlook remains bright amid strong economic growth expectations and the rising propensity of Indians to travel abroad.
After two years of poor performance, traffic growth has resumed sharply in India. "Indian carriers not only flew 21 per cent more passengers during January-March period but also improved their overall utilisation to five-year highs," HSBC said in a research report.
Moreover, rising incomes and ease of travelling abroad is expected to continue to boost outbound travel.
According to HSBC, IndiGo and Jet score the highest on key success factors.
01/05/15 PTI/The Economic Times
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According to the global financial services major, the demand outlook remains bright amid strong economic growth expectations and the rising propensity of Indians to travel abroad.
After two years of poor performance, traffic growth has resumed sharply in India. "Indian carriers not only flew 21 per cent more passengers during January-March period but also improved their overall utilisation to five-year highs," HSBC said in a research report.
Moreover, rising incomes and ease of travelling abroad is expected to continue to boost outbound travel.
According to HSBC, IndiGo and Jet score the highest on key success factors.
01/05/15 PTI/The Economic Times
