Friday, January 24, 2020

Keeping Airlines Afloat

Over the last decade, the Indian aviation industry’s two airlines – Kingfisher and Jet Airways – crumbled from the second-highest position in the market to bankruptcy in a matter of months. These cases are symbolic of a larger industry trend that is highly turbulent and uncertain, with the combined profits of all scheduled Indian carriers turning red in 2018-19 for the first time since 2015-16. The poor industry performance seems surprising, given the fact that the demand for domestic air travel is witnessing healthy growth in India. Therefore, the demand for air travel is not the problem plaguing the industry in the country, unlike the global aviation market, which is experiencing issues of slowing demand.
Then what the real problems are? Answers  Dr Amit Kapoor in Business World >>

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