How the scales have tipped

🇮🇳 How the scales have tipped - a snapshot of the shift in India’s international air traffic dynamics.

The numbers tell a compelling story of the transformation in India’s international air traffic landscape. Middle Eastern FSCs have encountered strong headwinds, with significant market share erosion. Leading the declines are Oman Air (-1.6 ppt, -39.5%) and Saudia (-0.7 ppt, -21.9%), followed by Emirates (-1.3 ppt, -4.8%) and Qatar Airways (-0.2 ppt, -4.4%). Etihad, notably, was the only exception.

In contrast, Middle Eastern LCCs have bucked the trend:

•Air Arabia AUH (+1.4 ppt) has emerged as a strong performer.
•Flynas (+0.7 ppt) has made notable gains, capitalizing on opportunities where Saudia/ Indian carriers have lost ground/ vacated.
•Jazeera (+0.4 ppt) has partially filled the void left by Kuwait Airways
•Flydubai remains relatively stagnant.

Indian carriers, however, have been the real winners in this evolving dynamic, led by IndiGo (+8.4 ppt, +112.1%).

Data source: DGCA (India)

Exhibit B is part of the series "GCC - India 🇮🇳 Bilateral Air Service Agreements: A Case for Equitable Revision."

Link to the series:

Edition 1 - Size and significance of the diaspora - https://bit.ly/4dkRSmz
Edition 2 - The quantum and significance of remittances - https://bit.ly/4gNwzwO
Edition 3 - The quantum and significance of trade - https://bit.ly/4dQavyW
Edition 4 - The glaring variance "Review week" - https://bit.ly/3YK2jMg
Edition 5 - Deep dive (1/2)
Exhibit 1 - A snapshot of the shift in India's international air traffic dynamics - https://bit.ly/4fLE0U0
Edition 6 - Deep dive (2/2) https://bit.ly/3V47a8W

(This write-up is for educational/informational purposes only and figures are directional/indicative due to strategic reasons)

(Views my own; happy to amend inaccuracies, if any)