Air traffic continues to surge during Q1Fy24. Below is the air traffic data from AAI (https://www.aai.aero/en/business-opportunities/aai-traffic-news)
| Passenegers (in millions) | Q1FY24 | Q1FY23 | Growth% |
|---|---|---|---|
| International | 16.24 | 12.03 | 35.0 |
| Domestic | 76.73 | 64.43 | 19.1 |
| Total | 92.97 | 76.46 | 21.6 |
Below is the data during last 4 quarters about passenger’s (in millions) and revenue of dreamfolks during the quarter. This need not corelate always. Lets c how it will play out during Q1FY24.
| Q1FY23 | Q2FY23 | Q3FY23 | Q4FY23 | |
|---|---|---|---|---|
| Total passengers( in millions) | 76.46 | 73.56 | 86.8 | 90.6 |
| Revenue in Cr | 160 | 171 | 204.0 | 238 |
While clear risk has emerged to the business model over last two quarters with many banks restricting free lounge access, this seems to have nullified with overall growth in passengers.
Much bigger news is dreamfolks collaboration with plaza premium group. This probably good example of what capable management can do in what seems to be easy to disrupt business model.
DFS will get access to 340+ plaza premium lounges across 4 continents. With this inclusion dreamfolks global touchpoints will increase to 1700+. Q1 concall may provide more insights on the this collaboration and what impact it will have on revenue for the company.
dreamfolks and plaza premium.pdf (625.6 KB)
Discl: I have reduced my holding by ~30%.
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