India has been one of the fastest growing aviation markets and airfares have also risen sharply in India
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Air travel in India is still considered as luxury spending. All the luxury items have very high price elasticity.
The restructuring will avoid lenders suffering a significant write-down as the loans and debt facilities are currently classified as standard accounts
India resumed domestic passenger flights on May 25 last year after a gap of two months due to coronavirus
The question in the mid of flyers is whether the air-ticket price will come down or not
The passenger load was 5.44% higher than August with occupancy between 63.7% and 78.8%