“FLY the good times,” urges the slogan of Kingfisher airlines. But for
For Kingfisher and its main competitor, Jet Airways, both full-service carriers, times are especially tough. Kingfisher, which reported a net loss of 2.43 billion rupees ($51m) in the quarter to June, owes more than 9.5 billion rupees in unpaid fuel bills and is surviving on bank loans. Jet Airways recorded a net loss of 2.25 billion rupees in the same period.
High fuel costs certainly exacerbate Indian airlines’ woes. Fuel tax is set by most of
But burdensome though the taxes are, they are not the only reason why
Today those egos are badly bruised and, in line with trends elsewhere, it is low-cost airlines that are taking an increasing share of the market. Of