Indian Airlines Brace for Price Hikes as Jet Gas Costs Skyrocket
Air Travel Turbine Gas (ATF) prices in India have risen to extraordinary degrees, crossing 2 lakh per kilolitre in Delhi. The spike, credited to worldwide petroleum rate walkings amid geopolitical tensions and a weakening rupee, will considerably influence airline company operating expense.
- Record High: ATF rates in Delhi leapt to 2 07 lakh per kilolitre on April 1 st, a 115 % increase.
- Price Problem: Jet fuel comprises over 40 % of Indian airlines’ costs, possibly causing raised airlines tickets.
- Demand Worries: Market experts warn that substantial price increases could minimize guest demand, forcing trip cuts.