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Growing Capacity and poor demand in aviation sector is costing airlines dearly

Posted : 30 December 2019 05:47:39 | By TWO Bureau | GNN Bureau

Growing Capacity and poor demand in aviation sector is costing airlines dearly

Data released by Directorate General of Civil Aviation (DGCA) showed that passengers carried by domestic airlines grew only marginally at 3.11% between January to October 2019, compared with a 20.11% growth during the same period in 2018. Growing Capacity and poor demand have forced airlines to reduce fares. India’s fastest growing airlines SpiceJet, posted a loss of Rs 462.6 crore in the third quarter, owing to low fares and high fuel price.



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