NEW DELHI: The rush by airlines to add planes and launch flights on slots vacated by Jet AirwaysNSE 1.46 % has led to overcapacity in the Indian market, slashed fares and losses piling up for carriers, senior airline executives told ET.<\/p>\n
According to the winter schedule, airlines have announced a high double-digit increase in capacity, filling the space created on key routes after Jet\u2019s demise.<\/p>\n
\u201cJet\u2019s exit was a much-needed capacity correction,\u201d said a senior airline executive who did not want to be identified. \u201cBut the government forced capacity to come back by tying slots and rights allocation to incremental aircraft addition. This, coupled with a slowing economy, has resulted in the market not being able to go through the natural correction after Jet\u2019s exit. It has put airlines back into a doom loop, with excess capacity, not enough places to fly aircraft profitably and deep losses. Exit of another airline is quite possible.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
NEW DELHI: The rush by airlines to add planes and launch flights on slots vacated by Jet AirwaysNSE 1.46 % has led to overcapacity in the Indian market, slashed fares and losses piling up for carriers, senior airline executives told ET. According to the winter schedule, airlines have announced a high double-digit increase in capacity, filling the space created on key routes after Jet\u2019s demise. \u201cJet\u2019s exit was a much-needed capacity correction,\u201d said a senior airline executive who did not want to be identified. \u201cBut the government forced capacity to come back by tying slots and rights allocation to incremental […]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-301722","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/301722","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=301722"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/301722\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=301722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=301722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=301722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}