Why Indian carriers are losing money
While airlines elsewhere rake it in
OVER the past few weeks whispered advice has circulated among frequent flyers in India. Do not book any tickets in advance with Jet Airways, the country’s second-largest airline; it might not be long for this world. The suspicions had a grain of truth. On August 9th the carrier took the extraordinary step of delaying the planned release of its results for the three months to June. On August 27th it delivered the bad news—it lost $189m in the quarter, compared with a small profit in the same period of last year. It wants to raise capital to avoid running out of cash.
This article appeared in the Business section of the print edition under the headline “Into the red”
Business September 1st 2018
- China is sprucing up its pharma sector
- Why Indian carriers are losing money
- YouTube is fighting for a slice of the premium-video market
- A disaster leaves a European infrastructure giant on edge
- Asset managers get involved in the companies they own
- BMW’s reputation in South Korea goes up in flames
- Disputes over goodwill can seem arcane
From the September 1st 2018 edition
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