Prospects for Indianapolis International Airport look promising after good 2014 passenger growth

Indianapolis International Airport has weathered US airline consolidation fairly solidly, posting an uptick in passengers during 2014 after a few years of modest declines. It is gaining traction during 2015 with new service from its largest airline Southwest and the entry of ULCC Allegiant Air into the market.

The airport should continue its growth in 2015 driven by Indianapolis hosting the NCAA final four men's basketball tournament in Apr-2015 and one of the largest gaming conventions Gen Con held in 2H2015. Tourism is one of the drivers in the region's economy, which ensures a certain level of passenger throughput at Indianapolis International.

Indianapolis' airfares appear to be stable, and its cost per enplanement generally falls in the mid-range among US airports. After a push by Allegiant, the airport's management is pursuing additional airlines, hoping to attract service from some of the US hybrid airlines and other ULCCs.