Airline Fuel Prices

Airfares are set to shoot up as one of India's largest airlines IndiGo has introduced a distance-based "fuel charge" on domestic and international routes.

The triple whammy of increasing jet fuel prices, GoFirst filing for insolvency, and the seat capacity of airlines remaining low is all set to hurt the wallets of flyers again this festival season.

Domestic airlines industry is expected to report a net loss of around Rs 15,000-17,000 crore this fiscal on account of elevated price of Aviation Turbine Fuel (ATF) and a weak rupee, a report said on Wednesday.

The world is gripped by recession fears, jet fuel prices are sky-high, and aviation is a notoriously fickle industry. But the billionaire dubbed "India's Warren Buffett" is launching an airline on Sunday.

The Finance Ministry has exempted domestic airlines running international flights from 11 per cent basic excise duty on ATF or jet fuel bought from oil marketing companies.

It is not easy for an airline to turn a profit in India and a lot of issues such as fare caps and high taxes on aviation turbine fuel (ATF) have to be resolved, a senior IATA official said on Sunday.

Jet fuel prices were today hiked by the steepest ever 16 per cent to catapult rates to an all-time high in step with hardening international oil rates.

Aviation turbine fuel prices rose across the country on Wednesday after rates were hiked by 5.2 per cent in sync with international oil price

Boeing expects India to become the third-largest commercial aviation market by the early 2020s. High oil prices, hefty fuel taxes and a weak rupee have hurt airlines' profitability this year, although pressure is starting to ease as oil prices fall and the currency firms.

The price in Delhi for domestic airlines was cut to Rs 68,050.97 a kiloliter on December 1, an 11 per cent reduction from a month earlier, according to a statement by the state-run company.

AirAsia relies heavily on its home market, where it has been gaining share against Malaysia Airlines, for profitability.

Airlines in India are asking the government to help them obtain unsecured credit from oil companies and airports, as fuel-price increases push them deeper into losses and imperil their survival. Competition and aggressive pricing are stopping fares from rising to reflect higher input costs, the Federation of Indian Airlines said in a letter sent to...

The Central government today ruled out the possibility of providing any financial bail-out or leeway to cash-strapped Jet Airways, stating that it's the prerogative of the company's management to implement policies to ensure smooth functioning of the airline.

Losses came in at Rs 1,297 crore ($178.01 million) for the quarter ended September 30, compared with a profit of Rs 49.6 crore a year earlier, the airline said.

Excise duty applicable to aviation turbine fuel (ATF) or jet fuel has been cut, the government announced on Wednesday. The Revenue Department, under the Ministry of Finance, said in a notification that excise duty of 11 per cent will be applicable on ATF, as against the existing 14 per cent. The new rate of excise duty will take effect on October 1...

Airfares are set to shoot up as one of India's largest airlines IndiGo has introduced a distance-based "fuel charge" on domestic and international routes.

The triple whammy of increasing jet fuel prices, GoFirst filing for insolvency, and the seat capacity of airlines remaining low is all set to hurt the wallets of flyers again this festival season.

Domestic airlines industry is expected to report a net loss of around Rs 15,000-17,000 crore this fiscal on account of elevated price of Aviation Turbine Fuel (ATF) and a weak rupee, a report said on Wednesday.

The world is gripped by recession fears, jet fuel prices are sky-high, and aviation is a notoriously fickle industry. But the billionaire dubbed "India's Warren Buffett" is launching an airline on Sunday.

The Finance Ministry has exempted domestic airlines running international flights from 11 per cent basic excise duty on ATF or jet fuel bought from oil marketing companies.

It is not easy for an airline to turn a profit in India and a lot of issues such as fare caps and high taxes on aviation turbine fuel (ATF) have to be resolved, a senior IATA official said on Sunday.

Jet fuel prices were today hiked by the steepest ever 16 per cent to catapult rates to an all-time high in step with hardening international oil rates.

Aviation turbine fuel prices rose across the country on Wednesday after rates were hiked by 5.2 per cent in sync with international oil price

Boeing expects India to become the third-largest commercial aviation market by the early 2020s. High oil prices, hefty fuel taxes and a weak rupee have hurt airlines' profitability this year, although pressure is starting to ease as oil prices fall and the currency firms.

The price in Delhi for domestic airlines was cut to Rs 68,050.97 a kiloliter on December 1, an 11 per cent reduction from a month earlier, according to a statement by the state-run company.

AirAsia relies heavily on its home market, where it has been gaining share against Malaysia Airlines, for profitability.

Airlines in India are asking the government to help them obtain unsecured credit from oil companies and airports, as fuel-price increases push them deeper into losses and imperil their survival. Competition and aggressive pricing are stopping fares from rising to reflect higher input costs, the Federation of Indian Airlines said in a letter sent to...

The Central government today ruled out the possibility of providing any financial bail-out or leeway to cash-strapped Jet Airways, stating that it's the prerogative of the company's management to implement policies to ensure smooth functioning of the airline.

Losses came in at Rs 1,297 crore ($178.01 million) for the quarter ended September 30, compared with a profit of Rs 49.6 crore a year earlier, the airline said.

Excise duty applicable to aviation turbine fuel (ATF) or jet fuel has been cut, the government announced on Wednesday. The Revenue Department, under the Ministry of Finance, said in a notification that excise duty of 11 per cent will be applicable on ATF, as against the existing 14 per cent. The new rate of excise duty will take effect on October 1...