INDIAOUTLOOK FOR QUARTER ENDING JUNE 2011…… RED INK

India’s three listed airlines look to have finished in the red for the quarter to June 2011 on the back of high jet fuel prices, excess capacity and fierce competition for passengers. You will recall that we have devoted a huge word count to the fact that ticket prices are falling hard in India at the same time that passenger numbers remain static and capacity increases at a very fast pace, a toxic mix at best. To date the India carriers have done very well indeed given the circumstances but now information that we are receiving suggests that the last