The Indian aviation industry has been caught in a pincer grip of
high oil prices and intense fare wars, leading to mounting losses for all major carriers barring IndiGo. There are some indications of a turnaround in the offing with better cost and fleet management. The
near-demise of Kingfisher Airlines and subsequent consolidation in the industry have also helped the other airlines cut losses and even post profits in some quarters.
Research by Jyotindra Dubey
Graphic by Santosh Kushwaha
