Won't have airlines in India to board if fare limits not increased: Aviation Minister
The Hindu
Oil prices have jumped from $22 each barrel to $85 in the last eight months, he said
There won't be any airline in India to board if limits on domestic airfares are not increased as oil prices have jumped from $22 each barrel to $85 in the last eight months, Union Aviation Minister Jyotiraditya Scindia said on Thursday.
At the 'Times Now Summit 2021', he said aviation turbine fuel (ATF) is about 40% of an airline's cost structure in the country.
Domestic air travel became costlier on August 12 this year when the Aviation Ministry raised the lower and upper caps on domestic fares by 9.83 to 12.82%.
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