Aviation Why India's airlines are bleeding despite record surge in traffic Updated : August 30, 2018 02:13 PM IST The airline industry is in doldrums despite passenger growth being in double digits for more than 50 months in a row. Airlines have adopted a policy of keeping fares artificially low. Government continues to levy one of the highest rates of taxation anywhere in the world on jet fuel. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.