In fact, ATF prices have risen 49% since October last year, which means the current price cut will not translate into much relief for airlines. Fuel expenses account for 40% of an airline’s operating cost.
A spokesperson from Jet, said, “There is no news on fare hikes from the airline.” Similarly, Kingfisher, SpiceJet, Indigo and GoAir have not announced any fare cut as yet.
Oil marketing companies like Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum revise jet fuel prices on the first and...
No comments:
Post a Comment