Tracking air passenger traffic is one of the leading indicator of Dreamfolks business. Below is the data for Q3 FY23 indicating international and domestic passenger movement in India during Jan-March 23 which shows significant increase in no of passengers compared to same period of last year.
| 2022-23 | 2021-22 | change | |
|---|---|---|---|
| International | 15.9 | 8.2 | 93.7 |
| Domestic | 74.7 | 49.1 | 52.2 |
| Total | 90.6 | 57.3 | 58.1 |
Source: Monthly release of air traffic data by AAI.
One of the key risk for DFS business is credit card companies canceling free access to airport lounges which seems to have happened for some of the SBI and HDFC card holders. Despite this I have noticed lounges are fully occupied during my travel in last few weeks.
Disc: remains invested.
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