AVIATION PROMISES & AIR POCKETS
With domestic air traffic rising 10 per cent in October compared to last year, India is flying again. Though the airline industry has re- covered well from the pandemic, it battles high fuel costs, with precarious financials plaguing a few airlines. Amber Dubey, senior advisor, McKinsey & Company, and Kapil Kaul, CEO and director, CAPA India, discussed the industry's future course.
IN A ROBUST STATE
Dubey: Pre-Covid, the airlines industry used to carry around 140 million passengers a year. In 2023, for the first time, it is likely to cross the 150 million mark. Next year will be the upsurge year and 2025 the breakout year.
AIRLINES IN TROUBLE
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