New entrants such as Akasa Air and Jet Airways 2.0 are moving forward in a "very tough environment", where even established airlines are struggling in certain areas, said Julian Carr, Chief Marketing Officer (Airlines and Route Development), GMR Airports Ltd, on Wednesday.
He added that it would be "fascinating" to see how IndiGo's aspiration to grow further progresses when Air India, under its new owners (Tata Group), is planning to be a big full-service carrier with a domestic as well as an international presence.
Last month, aviation consultancy firm CAPA had said Indian carriers are expected to post a cumulative