Air India sees a revenue goldmine in long-haul transit traffic
Live MintAir India Ltd sees a lucrative opportunity in international transit traffic by flying people from North America and Europe to Asian destinations through India, expanding its share of a market dominated by foreign airlines. According to Air India data, foreign airlines enjoy a market share of 80% in long-haul transit traffic, while Indian airlines have less than 15%. "Air India has tweaked the timings of its European and South Asian flights so as to create free flow of transit traffic from America and Europe to South Asia, Thailand and Australia. These routes will attract a significant percentage of expats and leisure travellers where there is a large market.” Financial performance Air India has become a material business for the Tata Group, Aggarwal said.