Other airlines step in to fill up Jet-shaped hole in sky within 12 months

Given the unlikelihood of Jet Airways finding a bidder by the Friday deadline, passenger growth might take a hit for the next 12-24 months. But the situation will also reduce competition and accentuate the consolidation of an industry facing hyper-competition and growing losses.

According to CAPA, in 2019-20, domestic traffic is projected to grow at around 14-16 per cent, while international traffic will grow by 10-12 per cent.  All the airlines combined are projected to add over 90 planes to meet this growth.

Yet with the closure of services by Jet Airways (which had 115 aircraft), this projected traffic growth will slow