Jet’s grounding blessing in disguise for industry but not for staff, passengers

New Delhi/Mumbai: Financial collapses are never pleasant, but the grounding of Jet Airways has aided competitors in the extremely price-sensitive aviation market to muster-up courage for fares which at least meet the airlines’ operational costs and do not diminish their market share.

However, no matter how healthy the development has been for the industry, it surely did bring hardship for the employees, passengers and lenders alike.

Evidently, the fourth quarter results speak of the phenomenon in a more explicit way. The traditionally weak quarter saw listed airlines — SpiceJet and IndiGo — make profits on the back of healthy passenger yields.