, Columnist
Cheap Tickets Are Killing India’s Booming Air Market
It’s not just flights that are getting delayed
Running out of runway.
Photographer: STR/AFPThis article is for subscribers only.
Go to any Indian airport, and it’ll appear that nearly all of the country’s billion-plus people have decided to fly. Yet talk to shareholders of India’s largest aviation businesses, and they’ll tell you how miserable they are.
Oxygen masks have been down since last month’s 97 percent drop in quarterly profit for InterGlobe Aviation Ltd., which operates IndiGo, the budget carrier with almost two-fifths of India’s domestic market.