With falling passenger numbers, stories about airlines struggling to pay bills and new deliveries adding to capacity next year, these are tough times in India.
However, Riyaz Peermohammed, chief financial officer of low-cost carrier IndiGo says that some carriers will do well.
"Passenger numbers for the whole of the market are going down but this reflects a rise in average fares, as these go down passengers will return," said Peermohammed. who joined IndiGo from Emirates Airlines.
"Overall economic growth...
To continue reading this article please subscribe or take a free trial to Airfinance Journal.
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the current issue for two weeks (excluding
some surveys and articles). Start your free trial today.
