Global Economic Slowdown and Aviation Industry in India
Global Economic Slowdown and Aviation Industry in India
Global economic slowdown reflects the impression of hard time in airline sectors of India too. The most popular airlines (Jet Airways, Kingfisher Airlines) which providing their operations in India are facing a tough time in festive seasons. The situation had become so worse that the management of various airlines services was forced to begin sacking of their employees as the aviation industry facing big loss.
The whole world witnessed the dramatic scene of firing of 1900 employees of Jet Airways those were taken back under the political pressure. Kingfisher Airlines which is principal rival of Jet Airways also declared some deduction in their number of employees.
The situation forced to sign an operational alliance between these two airline flights Jet Airways and Kingfisher Airlines. Just before some days all things were going well. Kingfisher Airlines had demanded for new aircrafts also a few days ago but all of sudden the whole scene is changed and the airline postponed their decision of including new aircrafts in the airline.
What is the reason behind this whole scene? Has the number of customers for various airline flights decreased? Have the price of airline tickets of various airline flights go down? Which are the factors which reduces the net profit of various airline flights services? These are the common queries which strike in brain of normal human beings.
Global economic slowdown may be one of the answers of all these questions which contribute its role to create this scene in India. The various airlines blame the high cost of air fuel in this year in India as compared to the rest of the market. As the aviation sector was growing last year in India. The various airline flights to India were competing in providing more facilities like cheap airline tickets to attract the maximum number of air travelers.