SpiceJet shares tank 19% as airline marks 18th anniversary
The budget airline has seen a consistent drop in its domestic market share in 2023
The budget airline has seen a consistent drop in its domestic market share in 2023
Govt cites COVID-19 disruptions, rupee depreciation against the US dollar, and a high operating cost environment, especially due to an increase in ATF prices, for high losses of airlines.
At the Global Aviation Summit in Mumbai, industry representatives weighed in on what needs to be done to strengthen airport infrastructure in the country.
The aviation industry says it is hard to compete with international fliers while it bears the brunt of a bunch of indirect taxes.
Two ministers with key portfolios–steel and aviation, share the government’s vision for rapidly transforming India through swift action, and the political dividend they hope to reap.
Improved regional connectivity boosted by the government’s UDAN scheme behind the growth.