Smaller Indian airlines slash international flights as West Asia war hits demand
“Smaller airlines operate narrow-body planes on short-haul international routes, with Middle East (West Asia) destinations being the most lucrative. Since March, there has been a hit on these routes. Compared to larger players like Air India or IndiGo, the exposure of smaller players like Air India Express or SpiceJet to the Middle East is significantly higher, so the impact is larger,” said Gagan Dixit, senior vice president – aviation, chemicals, oil & gas analyst at Elara Capital.
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