India's aviation sector records strong domestic demand and recovering international traffic amid easing global tensions.
India's aviation sector records strong domestic demand and recovering international traffic amid easing global tensions.
Mumbai, July 4 (IANS) India’s aviation sector saw a gradual recovery in international traffic in May over easing geopolitical tensions in West Asia and continued to witness strong domestic demand, a report said on Saturday.
Easing geopolitical tensions facilitate gradual normalisation of international flight operations, while lower fuel costs support airlines despite continued pressure from a weak rupee on aircraft leases, maintenance and other dollar-denominated operating expenses, the report from Equirus Securities said.
International passenger traffic carried by Indian airlines recovered sequentially to around 2.3 million, increasing 24 per cent month-on-month, while revenue passenger kilometres (RPKs) rose to around 8 billion, up 12 per cent sequentially.