Seeing the state of aviation industry in India, one can easily fall prey to the one liner that aviation business is a loss making business in India and world too.
Profit Making Airlines
However one will be amazed to note that worldwide aviation companies like Qantas, Lufthansa, Air Arabia, Singapore airlines and Southwest airlines are profitable airlines in the word. it is amazing to note that profit of worldwide profitable airlines was US $18 billion last year.
Loss Making Airlines in India
If Indian company like Kingfisher Airlines is bleeding it is by virtue of mismanagement and flamboyant style of Vijay Mallaya who has made a profitable business into a loss making venture. We are not considering Indian Airlines which is a classic case of mismanagement and is handing its market share to companies like Jet Airways and Spice Jet etc.
Kingfisher airlines loss making routes
To get its act together Kingfisher airlines loss making routes have been identified and services have been stopped to those routes. Vijay Mallaya has candidly admitted that they are out to make profit and are not on a social service performing NGO.
Profit Making Airlines in India
Paramount airways is one of the profit making airlines in India and one can ask a question to them and can consider that remaining small is the mantra to reap profit as they are using the tactics of sticking to few lucrative sectors in South.
