In the past decade, the Indian aviation industry has seen two airlines – Kingfisher and Jet Airways– crumble from the status of commanding the second-highest position in the market to filing for bankruptcy in a matter of months. These cases are symptomatic of a larger industry trend that is highly turbulent and uncertain. The combined operating profits of all scheduled Indian carriers turned red in 2018-19 for the first time since 2015-16. The situation seems bleak for the current financial year as well, with oil prices poised to rise further due to adverse global conditions and a few airlines continuing to suffer from the grounding of the Boeing 737 Max.
Read what Amit Kapoor suggests to keep the airlines afloat >>
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Read what Amit Kapoor suggests to keep the airlines afloat >>
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