Umakanta Panigrahi has been featured in the Forbes India blog post, “How to Value a Distressed Airline.” This is relevant from the context of the recent temporary shutdown of Jet Airways, which caused the airline industry to hurtle towards distress. Airline transformations are difficult because the of the way the industry is structured; while unit revenues have declined over the past 20 years because of intense competition and commoditization, the battle to reduce costs has also continually run up against volatile fuel prices and the substantial bargaining power of both labor unions and suppliers.
Read the full article here.