Business Daily from THE HINDU group of publications
Wednesday, Jul 02, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Wednesday, Jul 02, 2008 ePaper | Mobile/PDA Version | Audio |
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Airlines Industry & Economy - Petroleum Airlines divided on raising fares
The meeting took up issues relating to charges levied at airports Our Bureau New Delhi, July 1 The domestic airline industry is divided on whether the increase in prices of aviation turbine fuel (ATF) should result in a further rise in airfares. While a section feels that the industry should absorb the latest increase of about up to 6.5 per cent in ATF prices as last month there was no rollback in airfares after the Government halved the customs duty on ATF, this is objected to by some airlines. Speaking to newspersons after a meeting of the Federation of Indian Airlines (FIA) here on Tuesday, the Chief Executive Officer, Jet Airways, Mr Wolfgang Prock-Schaeur said, “No decision was taken today. A decision, if any, could be taken in the next few days”. Late on Monday, Indian Oil raised ATF prices by between 4.3 per cent and 6.5 per cent in the four major metros. During the month, airlines in Chennai will be charged Rs 75.50 a litre of ATF up from the June sale price of Rs 72.36 a litre, while in Delhi airlines will be charged Rs 69.09 a litre up from Rs 66.22 a litre charged earlier. Currently, ATF constitutes 45-50 per cent of the operating cost of most domestic airlines. The FIA meeting also discussed issues relating to charges being levied at various airports around the country and the need of approaching the Ministry of Civil Aviation to get some relief on the high rates being charged. The meeting was attended by the President and Chief Executive Officer, IndiGo Airlines, Mr Bruce Ashby; Air Deccan’s officiating Chief Executive Officer, Mr Ramki Sundaram; the Commercial Director, Air India, Ms Anita Khurana and Executive Chairman, SpiceJet, Mr Siddhanta Sharma, among others. More Stories on : Airlines | Petroleum
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