Kingfisher targets 16-18% growth in traffic
Kingfisher Airlines' parent company, United Breweries Group, announced the airline expects to generate 16%-18% growth in traffic and a higher load factor as capacity expansion has been “slow, if at all” (CNBC-TV18, 07-Jul-2010).
United Breweries Group: “Worst seems to be behind us in the aviation industry. There has been extremely strong growth pick-up in the traffic. We ourselves are looking at 16-18% growth. This has resulted in an environment in which capacity expansion has been slow, if at all. We are looking at higher loads, we are looking at higher retentions,” Ravi Nedungadi, President and CFO. Source: CNBC-TV18, 07-Jul-2010.