Repercussions of Kingfisher Closing Down :-
1. Air Fares are going to shoot up drastically. I expect an fares increase of no less than 15 % on competitive routes and upto 35 % in non competitive routes.
2. Pilots with a few thousand hours on A320 and ATR72 will be looking for any flying paying position. The worst hit would be the newly released captains and newly released first officers. Experienced ones on their respective seats will flock to the deserts or the greener pastures in east.
3. End game for freshers in the industry.
4. Drastic reduction in salary payment across the board. Not just pilots. I expect the salaries of low cost carriers to reduce as much as the US Regionals. It would be a tough game for cabin crew and ground staff to even survive the industry.
5. KFA closing down might benefit other carriers but clearly Jet Airways stands to benefit from a load factor aspect while Indigo and Go Air will stand to benefit from cheap and experienced labour.
To summarise.. Situation has gone from bad to f'ed up !!
