Most airlines in India hope to post record profits in 2019-20 as a result of the suspension of Jet Airways's operations. However, Air India is left with no option but to see the opportunity pass by. Its top management pegs the requirement to be over Rs 1,500 crore of immediate fund infusion to get them back to flying. The airline management has already communicated to the finance ministry about its inability to service over Rs 9,000 crore of debt due this financial year. The shortage in capacity has already led to a flare-up in fares, inconveniencing the fliers in the ongoing peak season.

Source: dna May 01, 2019 00:11 UTC