Airlines set for consolidation as losses pile up

Indian air travel may be booming, but the country’s airlines are deep in the red, suggesting closures, mergers and acquisitions are inevitable, according to an industry report.

India’s air carriers are expected to post a combined loss of about $500 million in the year ending March 31, said the report, which predicted another loss in the year ahead as airlines induct more planes and cope with a shortage of infrastructure and skilled employees.

Click for complete article


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: