Travel Food Services CEO: Q3 Busiest Quarter Despite December Flight Hiccups

• Travel Food Services (TFS) CEO Varun Kapur stated Q3 (Oct-Dec) was the busiest period for travel in India, despite December flight disruptions.
• Passenger numbers returned to growth in Q3 after a slow Q2, with October and November showing strong activity.
• December saw some impact due to flight cancellations, including those linked to IndiGo, affecting potential higher growth.
• TFS has expanded operations, including at the new Navi Mumbai airport via a JV with Adani Airports, and plans more outlets at Noida, Hyderabad, and Mumbai.
• Revenue per passenger is growing faster than inflation due to increased outlets, higher spending, and new brand additions.

Why It Matters: Travel Food Services saw strong Q3 growth despite December disruptions, driven by expanding operations and rising revenue per passenger.