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When Growth Takes Off but Profits Don’t: The Indian Airline Story

When Growth Takes Off but Profits Don’t: The Indian Airline Story

India’s aviation sector is soaring in passenger numbers, aircraft orders, and demand, but profits remain stubbornly grounded. Despite growth in air travel, most Indian airlines continue to struggle financially, revealing a paradox at the industry’s heart.

At the core lie structural challenges: aviation turbine fuel accounting for nearly half of operating costs, a tax regime that keeps ATF outside GST, dollar-denominated lease and maintenance expenses, and some of Asia’s highest airport charges. Add to this a fiercely price-sensitive market, fare wars, and limited ancillary revenues, and growth alone no longer guarantees profitability.

IndiGo stands out as the rare exception, proving disciplined cost control, scale, and financing can still deliver profits.

Explore the full analysis in Ananya Khosla’s article.

read more
String of Pearls vs Necklace of Diamonds

String of Pearls vs Necklace of Diamonds

The evolving maritime rivalry between India and China has brought two strategic visions into sharp focus: China’s String of Pearls and India’s Necklace of Diamonds.

The String of Pearls refers to China’s network of ports and strategic facilities stretching from the South China Sea to the Horn of Africa, designed to secure trade routes and expand geopolitical influence.

In response, India has strengthened its maritime partnerships and developed its own chain of strategic assets across the Indian Ocean. This Necklace of Diamonds enhances India’s naval reach, fosters regional cooperation, and acts as a counterbalance to China’s growing presence.

Find out in Ishaan’s article how these competing strategies shape security dynamics and the future balance of power in the Indo-Pacific.

read more

ADVANCED

When Growth Takes Off but Profits Don’t: The Indian Airline Story

When Growth Takes Off but Profits Don’t: The Indian Airline Story

India’s aviation sector is soaring in passenger numbers, aircraft orders, and demand, but profits remain stubbornly grounded. Despite growth in air travel, most Indian airlines continue to struggle financially, revealing a paradox at the industry’s heart.

At the core lie structural challenges: aviation turbine fuel accounting for nearly half of operating costs, a tax regime that keeps ATF outside GST, dollar-denominated lease and maintenance expenses, and some of Asia’s highest airport charges. Add to this a fiercely price-sensitive market, fare wars, and limited ancillary revenues, and growth alone no longer guarantees profitability.

IndiGo stands out as the rare exception, proving disciplined cost control, scale, and financing can still deliver profits.

Explore the full analysis in Ananya Khosla’s article.

read more
String of Pearls vs Necklace of Diamonds

String of Pearls vs Necklace of Diamonds

The evolving maritime rivalry between India and China has brought two strategic visions into sharp focus: China’s String of Pearls and India’s Necklace of Diamonds.

The String of Pearls refers to China’s network of ports and strategic facilities stretching from the South China Sea to the Horn of Africa, designed to secure trade routes and expand geopolitical influence.

In response, India has strengthened its maritime partnerships and developed its own chain of strategic assets across the Indian Ocean. This Necklace of Diamonds enhances India’s naval reach, fosters regional cooperation, and acts as a counterbalance to China’s growing presence.

Find out in Ishaan’s article how these competing strategies shape security dynamics and the future balance of power in the Indo-Pacific.

read more

INTERMEDIATE

When Growth Takes Off but Profits Don’t: The Indian Airline Story

When Growth Takes Off but Profits Don’t: The Indian Airline Story

India’s aviation sector is soaring in passenger numbers, aircraft orders, and demand, but profits remain stubbornly grounded. Despite growth in air travel, most Indian airlines continue to struggle financially, revealing a paradox at the industry’s heart.

At the core lie structural challenges: aviation turbine fuel accounting for nearly half of operating costs, a tax regime that keeps ATF outside GST, dollar-denominated lease and maintenance expenses, and some of Asia’s highest airport charges. Add to this a fiercely price-sensitive market, fare wars, and limited ancillary revenues, and growth alone no longer guarantees profitability.

IndiGo stands out as the rare exception, proving disciplined cost control, scale, and financing can still deliver profits.

Explore the full analysis in Ananya Khosla’s article.

read more
String of Pearls vs Necklace of Diamonds

String of Pearls vs Necklace of Diamonds

The evolving maritime rivalry between India and China has brought two strategic visions into sharp focus: China’s String of Pearls and India’s Necklace of Diamonds.

The String of Pearls refers to China’s network of ports and strategic facilities stretching from the South China Sea to the Horn of Africa, designed to secure trade routes and expand geopolitical influence.

In response, India has strengthened its maritime partnerships and developed its own chain of strategic assets across the Indian Ocean. This Necklace of Diamonds enhances India’s naval reach, fosters regional cooperation, and acts as a counterbalance to China’s growing presence.

Find out in Ishaan’s article how these competing strategies shape security dynamics and the future balance of power in the Indo-Pacific.

read more

NOVICE

When Growth Takes Off but Profits Don’t: The Indian Airline Story

When Growth Takes Off but Profits Don’t: The Indian Airline Story

India’s aviation sector is soaring in passenger numbers, aircraft orders, and demand, but profits remain stubbornly grounded. Despite growth in air travel, most Indian airlines continue to struggle financially, revealing a paradox at the industry’s heart.

At the core lie structural challenges: aviation turbine fuel accounting for nearly half of operating costs, a tax regime that keeps ATF outside GST, dollar-denominated lease and maintenance expenses, and some of Asia’s highest airport charges. Add to this a fiercely price-sensitive market, fare wars, and limited ancillary revenues, and growth alone no longer guarantees profitability.

IndiGo stands out as the rare exception, proving disciplined cost control, scale, and financing can still deliver profits.

Explore the full analysis in Ananya Khosla’s article.

read more
String of Pearls vs Necklace of Diamonds

String of Pearls vs Necklace of Diamonds

The evolving maritime rivalry between India and China has brought two strategic visions into sharp focus: China’s String of Pearls and India’s Necklace of Diamonds.

The String of Pearls refers to China’s network of ports and strategic facilities stretching from the South China Sea to the Horn of Africa, designed to secure trade routes and expand geopolitical influence.

In response, India has strengthened its maritime partnerships and developed its own chain of strategic assets across the Indian Ocean. This Necklace of Diamonds enhances India’s naval reach, fosters regional cooperation, and acts as a counterbalance to China’s growing presence.

Find out in Ishaan’s article how these competing strategies shape security dynamics and the future balance of power in the Indo-Pacific.

read more