Fear Factor

Domestic Indian airlines witnessed a 26 per cent growth in passenger traffic in August.

Domestic Indian airlines witnessed a 26 per cent growth in passenger traffic in August, with almost all carriers reporting better seat occupancy. But globally, the apex global industry body IATA has declared this the worst period for aviation. By its latest estimates, the industry is set to lose $11 billion this year, up from $9 billion forecast in June. In India, too, occupancy  means little so long as high jet fuel and other costs  continue to take a toll on profitability. The Big Three—state owned Nacil, Jet and Kingfisher—would need a zippy $1 billion just to stay afloat. But that’s not stopping the cut-fare deals. Now, don’t try to work out the sums, inflight. Fear might strike.