Here are the five ways Jet Airways’ crash landing hit the industry. AirfaresJet Airways' halting of operations has crippled the air travel market and made ticket prices costlier, especially those booked closer to the travel date or on the date of travel. An industry executive said the loss of job of every employee on the rolls of Jet Airways also costs five others indirectly involved in the value chain of their work. At the time of halting operations, Jet had about 15,000 workers. Airline industry growth loses steamThe decrease in available seats for sale and the surge in price have brought the growth in the air travel market to a halt in March.

Source: Mint May 17, 2019 03:00 UTC