An aircraft operated by IndiGo, a unit of InterGlobe Aviation Ltd., prepares to land at Chhatrapati Shivaji International Airport in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Excess Capacity Makes Airfares Cheaper Than Rail Tickets To These Indian Cities  

Autorickshaw rides, according to Union Minister Jayant Sinha, are more expensive than air travel by cost per kilometre. That may be hyperbole, but cheap airfares have inflicted pain on carriers whe...

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