Monday, March 14, 2022

Amid Turbine Fuel Reaching Its Record High Level, The Airfares Continue To Rise In India

Amid turbine fuel reaching its record high level, the airfares continue to rise in India. Sources say that Airlines are swiftly increasing the airfares at a time when ATF or the turbine fuel has reached to record high level. Airlines have increased the airfares by around 30% on busy routes. 

On busy routes Delhi Mumbai, Delhi Chennai, Delhi Kolkata has crossed the average airfares mark of Rs 7000/seat. 

The upcoming festive season may further spike the airfares. 

Airline sources: Steep rise in crude oil prices may continue to hit the ATF prices. It's speculated by airlines that the ATF may go beyond the existing Rs 95000/KlTomorrow, on 15th March, oil companies to review the Oil prices and airline sources speculates that the Turbine Fuel prices may further go up seeking the current situation.Airlines have increased the airfares by around 30% on busy routesThe crude oil has crossed the $ 120 per barrelAirline Sources: airlines are eyeing the US - IRAN deal.. if the US lifts Sanctions on IRAN, it may bring some relief in the Oil marketThe summer schedule is all set to kick in from March 27th and the only respite for Airlines allowed to operate on international routes, that govt has resumed the regular international passenger flights from March 27th and onwards.

14/03/22 TimesNow

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