All scheduled Indian air carriers except IndiGo, incurred losses in the year. Kingfisher Airlines and Air India suffered from several payment defaults and pilot strikes. Their flight schedules were disturbed many times during the year.
The total loss for all the airlines during the period 2008-11 was around USD 4 billion and for FY12 was approximately USD 2 billion according to the Ministry of Civil Aviation. High airport charges, depreciation of Indian rupee, expensive aircraft turbine fuel...
Keep on reading: Most Indian air carriers operating at a loss
Keep on reading: Most Indian air carriers operating at a loss