DOUBLE-DIGIT TRAFFIC GROWTH
This Indian airlines has maintained 36th consecutive month of double-digit traffic growth as demand rose 16% in August. In a recent report, global airlines grouping IATA said India is expected to have 478 million air passengers in 2036 on the back of strong demand. Indigo is India’s fastest growing carrier and the largest domestic passenger airline with a market share of 40.1% during FY17, according to the DGCA. The stock can be looked at from a short-term trading perspective.
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