There is some hope on the horizon for the Indian aviation industry . Higher consumption of aviation turbine fuel (ATF) in recent months indicates improved aircraft movement on rising passenger and freight traffic. Indeed, ATF consumption got a boost despite price hikes due to the rupee depreciation.
In the first half of the current fiscal, ATF consumption grew 4.4 per cent compared with a decline of 4.8 per cent in the same period last fiscal. In September alone, the latest month for which data is available, ATF consumption has expanded by a robust 7.3 per cent.
While there is a base effect to the current growth, it is encouraging that consumption is not falling further. The consumption of 442,000 tonnes in September 2013 is almost comparable to the 445,000 tonnes in September 2011. 2011/12 had registered an all time high ATF consumption of 5.53 million tonnes. In fact, consumption of 2.67 million tonnes in the first half of this fiscal is on par with the 2.68 million tonnes in the same period in 2011/12.
08/11/13 Ajay Modi/Business Today
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In the first half of the current fiscal, ATF consumption grew 4.4 per cent compared with a decline of 4.8 per cent in the same period last fiscal. In September alone, the latest month for which data is available, ATF consumption has expanded by a robust 7.3 per cent.
While there is a base effect to the current growth, it is encouraging that consumption is not falling further. The consumption of 442,000 tonnes in September 2013 is almost comparable to the 445,000 tonnes in September 2011. 2011/12 had registered an all time high ATF consumption of 5.53 million tonnes. In fact, consumption of 2.67 million tonnes in the first half of this fiscal is on par with the 2.68 million tonnes in the same period in 2011/12.
08/11/13 Ajay Modi/Business Today
