Jet Airways has become a prime example of the problems confronting India’s airline industry, as the carrier launches a major cost-cutting drive in an effort to reverse steep losses. India’s airlines are grappling with the same rising fuel costs that are hurting the industry globally, but other issues are exacerbating their plight. Depreciation of the rupee is hitting Indian carriers at the same time as the fuel hike, and surging growth and fierce competition make it tough to ...

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