Aug 29, 2018 SOURCE: AFP
Cheap fares, costly fuel send India's airlines into a tailspin
Bargain-basement fares, high oil prices and a tumbling rupee are causing turbulence in India's hyper-competitive aviation market, virtually wiping out airlines' profits and leaving them scrambling to cut costs to survive.
India's aviation sector is expected to become the world's third-largest by 2025, with passenger numbers increasing six-fold over the...
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