Given the unlikelihood of Jet Airways finding a bidder by the Friday deadline, passenger growth might take a hit for the next 12-24 months. But the situation will also reduce competition and accentuate the consolidation of an industry facing hyper-competition and growing losses.
According to CAPA, in 2019-20, domestic traffic is projected to grow at around 14-16 per cent, while international traffic will grow by 10-12 per cent. All the airlines combined are projected to add over 90 planes to meet this growth. Yet with the closure of services by Jet Airways (which had 115 ...
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
Note: Subscription will be auto renewed, you may cancel any time in the future without any questions asked.
What you get?
ON BUSINESS STANDARD DIGITAL
- Unlimited access to all the content on any device through browser or app.
- Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
- Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
- Track the industry of your choice with a daily newsletter specific to that industry.
- Stay on top of your investments. Track stock prices in your portfolio.
- 18 years of archival data.
- Requires you to share personal information like date of birth, income, location amongst other fields. This information alongwith your contact information will be shared with the partners associated with this program, who contribute towards subsidizing the offer. By subscribing to this product you acknowledge and accept that our Partners may choose to contact you with offers of their products and services.
- This is an optional offer - Not comfortable with sharing personal data - please opt for the full price offer which requires you to share minimal information