Hong Kong, July 23 -- The collapse of Jet Airways is a dramatic pause in the remarkable rise of India's commercial aviation market.
But that won't last for long said consultancy, CAPA. Fellow analysts with an eye on India collectively agree. Growth is forecast to resume by the end of September with the country's three leading LCCs predicted to report record profits.
India has long been one of the world's fastest growing aviation markets, consistently reporting annual air traffic expansion in excess of 20%. "After a sustained period of very strong growth, Revenue Passenger Kilometres (RPKs) in the domestic India market are 0.5% lower in April than their year ago levels, down from a 15% year-on-year pace as recently as December," the Intern...