Year of turbulence for Indian carriers

New Delhi: The Indian aviation industry encountered some turbulent weather in 2009, being hit not just by falling traffic and revenues, but also high fuel costs, high cost of credit and unrest among workers of three dominant carriers.

The sector, once a symbol of India's vibrant economic progress, has seen its fortunes nosedive since last year following the global slowdown. Even though the industry staged a pick up since the middle of this year, it was not robust enough, experts maintained.

Also see: Yearender '09

Text: IANS

Image courtesy: PTI / AFP