Vistara benefited after closure of Jet Airways
Reportedly Airline industry took a severe beating last year primarily due to high fuel prices. In the Indian context there was a double blow since the Indian Rupee weakened against the US dollar and that resulted in a higher outgo for fuel. Meanwhile among the private airlines to have been affected, Vistara had to incur losses in the financial year ending March 2019, which was double of what the company had reported in 2018.
Furthermore this is being attributed to the above two causes of higher fuel price and the Rupee-dollar exchange rate. Vistara is a joint venture between Tata Group and {{RelevantDataTitle}}