Vistara, the Singapore Airlines-Tata venture, that operates in one of the world’s most expensive aviation markets is all set to begin its international flights operation.
The Romans’ version of stoicism is rapidly picking popularity on Instagram — Marcus Aurelius, Epictetus, and Seneca are some names that get thrown at you when you fire up your screen.
Germany’s erstwhile Christian Democratic Union govt, led by Angela Merkel, prevented sale of small arms to police forces in states they perceived had ‘bad human rights record’.
A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.
Our Hon Minister has summed up main problem faced by Indian aviation so very well; ‘wherein higher input costs were not being passed on to consumers’.
And I do not know of any other example where industry is growing by 25% and companies in that sectors are making losses and it is a shame that salaries of frontline employees is cut and/or remains unpaid.
But reason is why?
To my mind reasons are… 1. Very little increase in railway ticket prices (which is the actual competitor of aviation. 2. To privetly cash in (buy and lease back) on buying huge number of aircrafts resulting in capacity growing greater even more than the growth in traffic.
Irony is that every agency at airport is making profit except airlines!
Most airlines, not just Air India, are bleeding. High fuel prices and an inability to price tickets to recover cost are undermining what has always been a large volume, slender margins business. It is gratifying that India remains one of the world’s fastest growing civil aviation markets. However, not at the cost of economic viability. A number of near misses in the air. Quite likely that corners are being cut due to cost pressures. What citizens expect are honest evaluations of where we are, what is being done to improve things. Some months back, a volume in TOI, saying the economy was generating millions of new jobs, we were only falling short in capturing the employment data.
Our Hon Minister has summed up main problem faced by Indian aviation so very well; ‘wherein higher input costs were not being passed on to consumers’.
And I do not know of any other example where industry is growing by 25% and companies in that sectors are making losses and it is a shame that salaries of frontline employees is cut and/or remains unpaid.
But reason is why?
To my mind reasons are… 1. Very little increase in railway ticket prices (which is the actual competitor of aviation. 2. To privetly cash in (buy and lease back) on buying huge number of aircrafts resulting in capacity growing greater even more than the growth in traffic.
Irony is that every agency at airport is making profit except airlines!
Is Hon Minister is aware of what’s happening at Jet Airways before making statement Airlines business is booming.
… a column in ToI …
Most airlines, not just Air India, are bleeding. High fuel prices and an inability to price tickets to recover cost are undermining what has always been a large volume, slender margins business. It is gratifying that India remains one of the world’s fastest growing civil aviation markets. However, not at the cost of economic viability. A number of near misses in the air. Quite likely that corners are being cut due to cost pressures. What citizens expect are honest evaluations of where we are, what is being done to improve things. Some months back, a volume in TOI, saying the economy was generating millions of new jobs, we were only falling short in capturing the employment data.