ebt-laden Kingfisher Airlines
is continuing to cut flights just as the country's travel season enters its peak period, catching hundreds of passengers off guard, pushing up spot airfares and putting the spotlight on the loss-making sector.
Indian carriers have placed orders worth $50 billion with Boeing and Airbus for aircraft to be delivered over the next decade, borrowing heavily and causing investors to remain wary of the sector.
The industry is facing terribly turbulent times.
Here are some facts:Source: Reuters, websites of the Federation of Indian Airlines and the Directorate General of Civil AviationImages: