Five Indian carriers - IndiGo, Air India, Air India Express, Vistara, and SpiceJet-have seen their combined market share in overseas passenger traffic grow to 44% in the April-September period this year from 37% recorded during the same period in FY19, according to the data.
The growth comes after the Indian carriers stepped up expansion, adding new destinations in Far East, Asia Pacific, Europe, and Central Asia, as demand for foreign travel in the leisure and business segments zoomed after the pandemic.
Rapid fleet additions with narrow and wide-body aircraft have helped in the expansion of overseas operations.
This story is from the December 08, 2023 edition of Financial Express Mumbai.
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This story is from the December 08, 2023 edition of Financial Express Mumbai.
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