Indian Airlines Surfacing From Covid Set to Fly Into Fresh Combat
The advent of two airlines, Akasa Air and Jet Airways (India) Ltd, is expected to increase competitiveness in India's generally loss-making aviation industry, which was expected to improve in the first quarter of the new fiscal year.
Highlights
- The onset of two airlines, Akasa Air and Jet Airways (India) Ltd, is set to intensify competition in India's largely loss-making sector.
- According to aviation consultant Capa India's mid-year estimate for the previous fiscal, Indian airlines would lose nearly $4 billion, barring any revisions, in 2021-22.
- Brent crude prices have risen more than 20% since February, so actual losses might be higher.
Videos
Upcoming Greenfield Airports in India to Cater for the Needs of Growing Air Passenger Traffic
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