New Delhi, Nov 12 (UNI) Their balance sheet are bleeding with red ink but the country's airlines can't do much about it.
Current market conditions are tough. Fuel costs are high and comprise over one-third of operating costs as against 20 per cent elsewhere in the world.
Experts say the domestic aviation industry's losses total up to Rs 2,000 crore annually.
Even as the demand-supply imbalance has kept them from reaping a windfall this peak season, not all airlines are looking at fare revision.
Except for low-cost airline SpiceJet, all other carriers have decided to continue with their existing pricing regime.
Some days ago, pioneering budget carrier Air Deccan, which has recorded Rs 340 crore losses for 15 months ending June 2006, announced fares of Rs 9 for as many as one lakh tickets.
Airline officials say they have no other option but to react to the market forces.
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