Airfares in Indian market are 10-15% lower, unsustainable: Boeing official

India's passenger traffic has risen at around 20 percent in recent years, making it one of the world's fastest-growing aviation markets

Airfares in the fast-growing Indian market are 10-15 per cent lower than breakeven levels for airlines, a Boeing executive said, as the planemaker raised its long-term jet order forecast for the nation to a record despite market challenges.
 
Major Indian carriers Jet Airways, IndiGo and SpiceJet were all in the red in the September quarter as high oil prices, a weak rupee and intense price competition eroded their margins.
 
It is important for the sustainability of the sector that airlines show more discipline in pricing fares, Dinesh Keskar, senior vice-president, Asia Pacific and India sales at Boeing Commercial