Airfares in India shot up last month as the demand for travel increased and simultaneously half of Go First's fleet was grounded due to a disruption in the supply of Pratt & Whitney jet engines
While the domestic traffic is on the rise, the airlines segment is facing headwinds with Go First suspending operations and SpiceJet grappling with various issues, while IndiGo and Air India group are expanding their presence. Akasa Air, which is on a steady path, is less than a year old.
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