New Delhi, June 6The temporary grounding of Jet Airways has positively transformed market dynamics for the other Indian carriers, which could report a combined net profit of $250-700 million in FY20, the Centre for Asia Pacific Aviation (CAPA) said in a report titled ‘India Insight Q1 FY 20’, on Thursday. The best case scenario would be a profit of $500-700 million and the worst case would be $250-400 million, it added.
The exit of Jet has eased slot constraints at various airports, particularly during peak hours, and this is another positive transformation in the market, said the report. “Jet’s exit has released plentiful slots, particularly at India’s most congested airport, Mumbai, which was its base. Airport operators will need to adjust to the new growth and market realities,” the report added.
