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Mumbai will bounce back

8-Dec-2008

The atrocities in Mumbai in late November have unfortunately become an all too familiar occurrence in today’s world. The attacks have come at a difficult time for India’s aviation industry. Reeling from high fuel prices earlier in the year and continuing excess capacity, Indian airlines were already on course for a USD2 billion loss this financial year – a staggering amount for what is still a relatively small market. [1026 words]

Unlock the following content in this report:

Subheadings:

  • Outlook: Reason to be optimistic

Graphs and data:

  • Big traffic hit from Bali Bombings (Oct-02): Denpasar Airport passenger numbers (millions) and % change-year-on-year: Aug-02 to Oct-03
  • Lesser impact after Madrid train bombings (Mar-04): Madrid Barajas Airport passenger numbers (millions) and % change-year-on-year: Jan-04 to Mar-05
  • Mumbai International Airport passenger numbers growth: Oct-07 to Sep-08
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