Flying’s new high: Raise a toast to it?
4 months, 2 weeks ago

Flying’s new high: Raise a toast to it?

Live Mint  

It’s ironic that airlines in India aren’t in the best of shape, but demand for air travel in the country is touching new peaks. Surprisingly, though, a new record has been scaled weeks after Diwali, which suggests durable strength in this market, with its pandemic slump now a fading memory. While capacity has expanded a bit, a long expected wait for new aircraft to join the fleets of India’s two big players, Indigo and the Tata Group, indicates that upward pressure on air-fares might continue for a while, as we can expect to see too many flyers chasing too few seats. Jet Airways has folded up and Air India’s merger with Vistara means air-passengers have little choice of carriers.

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