Overcapacity in skies pulls down fares, hurts airlines’ bottomline

With the economy slowing, seats are going empty and losses deepening. Fares on some routes are down 52% YoY which makes airlines unable to offset losses.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/overcapacity-in-skies-pulls-down-fares-hurts-airlines-bottomline/articleshow/72138558.cms