CNN Money says: India's airline industry is a mess. Taxes are sky-high, infrastructure is poor and profit margins are razor thin. A string of carriers have gone out of business, and many others are struggling to stay afloat. For now, howevery, India has the least expensive flights on the earth....
India's Air Traffic by the numbers
The following graphs from the ICA Institute numbers tell a valuable story. Also look at the following graph. Most striking is the rise of low-cost carrier Indigo Air (India's answer to Southwest Airlines). The rise of Kingfisher does not show the recent trouble that this airline has suffered, perhaps because...