New Delhi: Oil PSUs on Thursday reduced aviation turbine fuel (ATF) prices by 4.5% but air travellers are unlikely to get any relief from sky high airfares. The price fell from Rs 77,089.4 and Rs 79,716, per kilolitre respectively in Delhi and Mumbai last month, to Rs 73,607.3 and Rs 76035.9 in November.
Airline companies, however, say that airfares — which were raised from September due to high ATF prices — will not fall due to the drop in prices. Fares are going to remain high till mid-January and fall due to lean travel season kicking in then.
"From July to October, ATF price has gone up 21%. A reduction by 4% will make hardly any difference. Listed airlines are expected to report record losses for the July-September quarter. It is a miracle more airlines have not closed down in the cost-hostile environment here," said an airline official.
01/11/13 Times of India
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Airline companies, however, say that airfares — which were raised from September due to high ATF prices — will not fall due to the drop in prices. Fares are going to remain high till mid-January and fall due to lean travel season kicking in then.
"From July to October, ATF price has gone up 21%. A reduction by 4% will make hardly any difference. Listed airlines are expected to report record losses for the July-September quarter. It is a miracle more airlines have not closed down in the cost-hostile environment here," said an airline official.
01/11/13 Times of India
