{"id":307769,"date":"2019-12-30T11:56:26","date_gmt":"2019-12-30T06:26:26","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=307769"},"modified":"2019-12-30T11:56:26","modified_gmt":"2019-12-30T06:26:26","slug":"airlines-likely-to-post-huge-fy20-losses-amid-low-fares-high-costs","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/airlines-likely-to-post-huge-fy20-losses-amid-low-fares-high-costs\/","title":{"rendered":"Airlines likely to post huge FY20 losses amid low fares, high costs"},"content":{"rendered":"<p>NEW DELHI : Indian carriers are likely to end this fiscal year through March with huge losses, hampered by their ability to raise fares even during the traditionally strong October-December quarter because of cut-throat competition, said three airline officials, requesting anonymity.<\/p>\n<p>The collapse of Jet Airways (India) Ltd in April because of a severe cash crunch and a large debt pile has failed to lift industry fares as other airlines jumped to add capacity.<\/p>\n<p>The over-eagerness resulted in other airlines adding capacity lost due to Jet\u2019s grounding, forcing carriers to offer incentives to lure customers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI : Indian carriers are likely to end this fiscal year through March with huge losses, hampered by their ability to raise fares even during the traditionally strong October-December quarter because of cut-throat competition, said three airline officials, requesting anonymity. The collapse of Jet Airways (India) Ltd in April because of a severe cash crunch and a large debt pile has failed to lift industry fares as other airlines jumped to add capacity. The over-eagerness resulted in other airlines adding capacity lost due to Jet\u2019s grounding, forcing carriers to offer incentives to lure customers.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-307769","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/307769","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=307769"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/307769\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=307769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=307769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=307769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}