Indian Aviation Industry Faces Crisis: High Fares and Losses Despite Passenger Growth.
AI Summary1 min read
TL;DR
Indian aviation is in crisis with high fares and losses despite passenger growth, driven by operational issues and competition, leaving the industry's future uncertain.
Indian aviation is facing a crisis with market leader IndiGo struggling to adapt to new crew rostering rules, leading to crowded flights and high fares. Despite the increase in domestic passengers, most airlines are incurring significant losses, except IndiGo. The sector's financial woes are attributed to high operational costs, outdated fleet, and intense competition. The Indian government has taken steps to address these issues, but the industry's future remains uncertain.
