Indian airlines reduce gap with foreign players in international market: Report

The aviation sector in India is witnessing a significant shift, with Indian airlines steadily gaining ground in the international passenger market, according to a report by ICICI Securities.

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While foreign carriers continue to dominate in freight, the passenger segment is now showing more parity between domestic and international operators.

It stated “International segment now has more parity between Indian and international carriers; freight remains skewed towards foreign players”.

‘The report mentioned that before the outbreak of the Covid-19 pandemic, foreign airlines had a stronghold on India’s international passenger traffic, carrying about 60 per cent of travellers to and from the country.

However, this trend has started to change since calendar year 2021 (CY21), with Indian carriers consistently improving their presence.