Mumbai will bounce back
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:
- 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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