The month of April has been bringing signs of a slowing down in the economic slow down. Industrial production, railways freight loading (indicative of raw materials for the core sector of steel, cement, mining), employment, stock markets and even inflation rates have moved back in to positive territory.
While it a month does not make a trend, there is a sense of cautious optimism even if it is ever so slightly.
The domestic air passenger traffic also reflect a slight rise for the month of April 2009, up by 155,000 passengers to 3.315 million or 4.68%.
Kingfisher continued to be the largest carrier with a 26% market share, closely followed by Jet Airways and low cost subsidiary JetLite.
With the exception of niche carrier Paramount Airways, IndiGo remains the leader with a 72.1% passenger load factor. With about 65% load factors, one must ask how do full service Kingfisher and Jet Airways plan to achieve success with their newly announced low cost plans.