Mumbai attacks to hurt Air India
The attacks in Mumbai at the end of Nov-08 are likely to turn a bad situation worse for the Indian aviation market. National Aviation Company of India (NACIL), the company formed from the merger of Air India and Indian Airlines, already expects a loss of close to USD650 million for Air India this year, primarily due to fuel costs and the global economic downturn, which has badly effected both the Indian domestic and international markets. [1786 words]
Unlock the following content in this report:
- Funding cushion to offset hard landing
- Bailout demand doubles
- IPO further down the track
- Fare cuts and fee reductions to end the year
Graphs and data:
- Indian domestic passenger traffic: Jan-07 to Oct-08
- Mumbai International Airport domestic seat capacity. Week beginning 01-Dec-08
- Mumbai International Airport international seating capacity. Week beginning 01-Dec-08
- Indian major carriers market share
Please login to continue reading or find out more about CAPA Membership below.
This content is exclusively for CAPA Membership Subscribers
CAPA Membership gives you the latest aviation news and alerts, access to CAPA articles, reports, and our leading aviation data with optional premium add-ons.