Automobile

Flying high: Indian airlines are expected to post profits in December quarter. End of turbulence?

By Eduardo Saverin

Aircraft jostling for space

Synopsis

A jump in passenger traffic and higher ticket fares are expected to help Indian airlines register a robust growth in profits for the December quarter. While the combination of these factors bode well for the struggling industry, it also raises an important question. Is aviation finally emerging out of a prolonged crisis?

Surat-based banker Sonal Modi was all excited about her upcoming trip on New Year’s Eve to central Turkey’s “fairytale land” Cappadocia, known for its remarkable rock formations, ancient caves, and hot-balloon rides. It was short-lived.As she was about to book the tickets for the trip, Modi noticed that the airfare had soared beyond her budget, thanks to the Russia-Ukraine war. The ticket cost for the family of three had shot up from INR3.5 lakh

BY

  • FONT SIZE

    AbcSmall

    AbcMedium

    AbcLarge

  • SAVE
  • PRINT
  • COMMENT

Uh-oh! This is an exclusive story available for selected readers only.

Worry not. You’re just a step away.

Login to read the full story.

Unlock your 30 days free access
to ETPrime now.

Login to Unlock

*No card details required

Why ?

  • Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

  • Stock analysis. Market Research. Industry Trends on 4000+ Stocks

  • Clean experience with
    Minimal Ads

  • Comment & Engage with ET Prime community

  • Exclusive invites to Virtual Events with Industry Leaders

  • A trusted team of Journalists & Analysts who can best filter signal from noise

For all the latest Automobiles News Click Here 

 For the latest news and updates, follow us on Google News. 

Read original article here

Denial of responsibility! TheDailyCheck is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected] The content will be deleted within 24 hours.

Eduardo Saverin