The Indian airline industry had been balancing on a razor's edge. This was even before the virus's outbreak, owing to fierce competition and high operating costs. The sector was crippled by the rapid spread of infections across the country between 2020 and 2021. Both domestic and international air travel were subject to lockdown and movement restrictions. The sector was also disappointed with this year's budget, which offered no sops in the form of reduced excise duty or other tax breaks. However, as the global economy slowly recovers, the Indian airline industry sees a few bright spots.
These include low crude oil prices, the resumption of international and domestic travel, the simplification of travel-related documents for air-travel passengers, and potential gains for airline operators as a result of Jet Airways' grounding. Given the global uncertainties on Covid, the rise in inflation and crude oil prices, and global tensions, it remains to be seen whether the operators can fully spread their wings and take flight.