High costs, low airfares causing airline losses: Naresh Goyal

New Delhi: Steep operational costs and low air fares in India are causing sustained losses for domestic airlines, Jet Airways chief Naresh Goyal said on Wednesday.
"While the growth outlook for our industry is very promising, Indian carriers are faced with stiff headwinds, both from the cost and revenue standpoint, which pose a serious risk to realising the potential," he said at a CII conference on 'Building the future of Indian aviation' in Delhi.
On the high costs facing the Indian airline industry, Goyal said the factors included a depreciating rupee against the dollar, escalating jet fuel prices, high taxes and rising infrastructure costs.
25/07/12 PTI/Daily News & Analysis

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Categories: Indian Aviation- In General Jul 2012, Jet Airways Jul 2012