Amidst the reversal for the ruling party in state elections and the surprise resignation of RBI governor, it is difficult to focus on anything else! Yet, here is an attempt to analyze the crisis being faced by Jet Airways precipitated by loss of over Rs 1,000 crore in each of two quarters of this financial year. The crisis is a cause of concern not just for the company but also all followers of aviation sector. The sector, despite being a high profile one, hasn’t been able to establish itself financially and accounts for a number of failed businesses overlast decade or so. Here is a look at its performance and comparison with another airline which is profitable.
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