Fare wars land airlines in a mess

For a moment, it seemed as if the aviation business was about to turn the corner: losses would be wiped out, and the sector would live happily ever after. Passenger traffic grew almost 14 per cent in the quarter ended September 30 as compared to the year-ago quarter. Two low-cost carriers, IndiGo and GoAir, reported strong numbers. GoAir reported its maiden profit of Rs 104.34 crore in 2012-13 as against a loss of Rs 133.72 crore in the previous year.

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