India Aviation Experiences Downturn | Aviation International News

India Aviation Experiences Downturn

Overcapacity cited as a cause. Reduction could help industry recover

Overcapacity is creating a financial setback for India's airline industry. (Photo: Neelam Mathews)

By Neelam Mathews

August 10, 2018

Fortunes have reversed for Indian airlines that had been growing at an average of 18 percent a year for the past three years. An exceedingly competitive fare environment, the adverse impact of a depreciating rupee, and increasing fuel prices have resulted in the sector showing signs of stress. “Cost pressures amidst weakness in fares are turning the operating environment adverse for operators,” Santosh Hiredesai, analyst at Mumbai-based SBICap Securities told AIN.

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