Analysts believe too many low - cost carriers are to blame for India 's economic woes . `` When the main state-owned carrier is in such dire shape then it tends to affect the whole of the industry , '' says Ballantyne . Many boycott Air ##line and accuse them of unfairly competing with India 's newer airlines . Airline has been unprofitable since 1997 and has received government bailouts of $ 625 M .
Analysts believe too many low - cost carriers are to blame for India 's economic woes . Many boycott Air ##line and accuse them of unfairly competing with India 's newer airlines . Airline has been unprofitable since 1997 and has received government bailouts of $ 625 M .