Air passenger traffic continue to remains strong for Q2. Below is the data taken from Airport authority of India for the 2 months of Q2 which shows more than 20% growth in both domestic and international passengers. ( I have not taken September month data as they seem to have have uploaded the same July month data for September as well. Some reports do indicate that September domestic air passengers no grew by 19% yoy.)
| Passenegers (in millions) | 2 MONTHS OF Q2FY24 | 2 MONTHS OF Q2FY23 | Growth% |
|---|---|---|---|
| International | 11.36 | 9.27 | 22.5 |
| Domestic | 49.17 | 39.35 | 25.0 |
| Total | 60.53 | 48.62 | 24.5 |
Q2 results scheduled on 25th. Key thing to watch will be op margin trend which was down in Q1 and likely to remain under pressure.
Discl: currently holding tracking quantity.
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