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India's second largest #Airline is Shutting Down. But Why? Let's understand the economics of Airlines threadbare.
Airlines Business Model Explained in 2 minutes👇
Airlines Business Model Explained in 2 minutes👇
Go First has yesterday announced that they are cancelling flights scheduled for 3rd/4th May
Wadia group is winding down the business after incurring 1000s of crores of losses.
But Why was India's second largest airline making huge losses?
Had to dig through this.
Wadia group is winding down the business after incurring 1000s of crores of losses.
But Why was India's second largest airline making huge losses?
Had to dig through this.
I found that even Indigo (controlling 55% market share) made a loss of Rs. 1200 Crore in first 9 months of FY23 in spite of revival in Air Travel).
If market leader is making losses in a buoyant travel market
then WHAT IS THE FUTURE OF THIS INDUSTRY?
If market leader is making losses in a buoyant travel market
then WHAT IS THE FUTURE OF THIS INDUSTRY?
