Indian international traffic slows but looks solid

There has been a substantial fall in the growth rate of international passenger carriage by Indian airlines during 2011 from 2010 levels. Among the reasons are ailing Kingfisher Airlines pulling out flights and the financial problems of carriers, leading to reliability issues. International passenger carriage by Indian airlines: Air India, Jet Airways, Kingfisher, SpiceJet and IndiGo, rose during 2010 by 16.2%. Directorate general of civil aviation (DGCA) data shows they carried 13.2 million passengers on flights abroad in 2011, a rise from 12.9 million in 2010, or three percent. Given the state of affairs at the Indian carriers a 3%