Massive turbulence continued to hit the Indian airline sector as even the formidable passenger carrier IndiGo now faces headwinds of pilot shortage leading to a truncated flight schedule and consequently a dive in its stock price.
Lately, the Indian airline sector has been hit by the double-whammy of high crude oil prices and low fares, leading players like Jet Airways either deep into red or asset restructuring programmes just to keep the company afloat.
Interestingly, some industry insiders have termed IndiGo’s case as unique, where the airline has over 200 pilots, commands the majority domestic market share but also faces shortage of pilots to maintain its schedule of over 1,300 flights a day.
