The traditionally weak quarter saw listed airlines -- SpiceJet and IndiGo -- make profits on the back of healthy passenger yields. "However, the grounding of aircraft by Jet Airways since February 2019 and its eventual shutdown of operations w.e.f. April 18, 2019 has impacted 14 per cent of the industry capacity. This resulted in a significant -- 30-40 per cent -- rise in airfares during Q4 FY2019, which benefited the other airlines in the said quarter. "Therefore, due to the current demand-supply situation, the airline industry is likely to continue making profits or at least reduce losses," Sinha said.

Source: Economic Times June 03, 2019 16:07 UTC