‘No choice’ but to raise airfares, says SpiceJet CMD
2 years, 6 months ago

‘No choice’ but to raise airfares, says SpiceJet CMD

The Hindu  

Airlines had “no choice” but to raise airfares because of the increasing prices of aviation turbine fuel, SpiceJet CMD Ajay Singh said. “The sharp increase in jet fuel prices and the depreciation of the rupee have left domestic airlines with little choice but to immediately raise fares, and we believe that a minimum 10-15% increase in fares is required,” Mr. Singh said in a press statement on Thursday. He reiterated the industry’s demand for reduction in Central and State government taxes on ATF as it had seen a 120% increase in prices since June 2021. In March, IndiGo CEO Ronojoy Dutta had made an appeal to bring ATF under the GST regime on the grounds that it was ‘adversely impacted’ by the consistent rise in price.

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History of this topic

Air travel likely to become costly as jet fuel prices surge by 1.45 per cent
3 weeks, 2 days ago

Air travel likely to become costly as jet fuel prices surge by 1.45 per cent

India TV News  

The air travel is likely to become costly as the price of aviation turbine fuel or jet fuel was hiked on Sunday by 1.45 per cent in the monthly revision done in line with international oil price trends. The ATF price was increased by Rs 1,318.12 per kilolitre, or 1.45 per cent, to Rs 91,856.84 per litre in Delhi- home …

IndiGo withdraws fuel charge on tickets after decline in ATF prices
11 months, 2 weeks ago

IndiGo withdraws fuel charge on tickets after decline in ATF prices

Hindustan Times  

NEW DELHI: IndiGo on Thursday said it has stopped collecting a fuel charge on airline tickets from passengers on domestic and international rules following the reduction in the price of aviation fuel. FILE PHOTO: An IndiGo airlines passenger aircraft taxis on the tarmac at Chhatrapati Shivaji International airport in Mumbai The airline introduced the charge in October this year after …

ATF price up 1.6% on global cues
1 year, 5 months ago

ATF price up 1.6% on global cues

The Hindu  

Jet fuel or Aviation Turbine Fuel price on July 1 was hiked by 1.65% - the first increase in rate after fourth months of reduction warranted by softening oil prices. ATF price was increased by ₹1,476.79 per kilolitre, or 1.65%, in the National Capital to ₹90,779.88 per kl, according to a price notification of State-owned fuel retailers. While the price …

Windfall tax on aviation fuel slashed. Will air tickets be cheaper?
2 years ago

Windfall tax on aviation fuel slashed. Will air tickets be cheaper?

Hindustan Times  

Centre has slashed the windfall profit tax levied on domestically produced crude oil and on export of diesel and Aviation Turbine Fuel. Representative Image Revised Windfall tax rates Levy on crude oil produced by domestic companies- ₹1,700 per tonne from ₹4,900. On July 1, India started imposing the windfall tax on crude oil producers and levies on exports of gasoline, …

Aviation stocks soars as government lifts domestic airfare caps; InterGlobe, Spicejet gains
2 years, 4 months ago

Aviation stocks soars as government lifts domestic airfare caps; InterGlobe, Spicejet gains

Firstpost  

The decision to remove air fare caps has been taken after careful analysis of daily demand and prices of Air Turbine Fuel. Stabilisation has set in and sector is inclined for growth in domestic traffic in near future, said Aviation Minister Jyotiraditya Scindia New Delhi: Following the Civil Aviation Ministry’s announcement that domestic airfare limitations will be lifted, aviation stocks …

Jet fuel price cut by 2.2%
2 years, 5 months ago

Jet fuel price cut by 2.2%

The Hindu  

Jet fuel prices on Saturday, July 16, 2022, were reduced by 2.2%, reflecting a fall in international oil prices. Aviation turbine fuel prices were cut by ₹3,084.94 per kilolitre, or 2.2%, to ₹138,147.93 per kl, a price notification of state-run fuel retailers showed. ATF prices are revised on the 1st and 16th of every month based on rates of benchmark …

Vistara chief says air fare hike inevitable
2 years, 6 months ago

Vistara chief says air fare hike inevitable

The Hindu  

An increase in airfares is "inevitable" and Vistara will also raise them if other airlines do so, its CEO Vinod Kannan said on Sunday. Recently, SpiceJet's Chairman and Managing Director Ajay Singh said that a minimum increase of 10-15% in airfares was "required" as ATF prices have increased by 120% since June last year. While the airfares till June were …

Your holiday just got more expensive! Why flyers will have to shell out more for air tickets
2 years, 6 months ago

Your holiday just got more expensive! Why flyers will have to shell out more for air tickets

Firstpost  

Passengers will have to shell out at least 15 per cent more for air fare after oil companies raised the price of Aviation Turbine Fuel by a record 16 per cent. Rise in ATF prices As per a notification of state-owned fuel retailers, the price of ATF was hiked by 16.3 per cent, to Rs Rs 1,41,232.87 per kl in …

Minimum 10-15% increase in airfares must: SpiceJet CMD
2 years, 6 months ago

Minimum 10-15% increase in airfares must: SpiceJet CMD

Deccan Chronicle  

New Delhi: The sharp increase in aviation turbine fuel prices and the depreciation of the rupee have left the domestic airlines with no choice but to immediately raise airfares, said Ajay Singh, Chairman and Managing Director, SpiceJet, on Thursday. A minimum 10-15 per cent increase in air fares is required to ensure that cost of operations are better sustained, Singh …

Air travel to become dearer as ATF price hits all-time high after 16% hike
2 years, 6 months ago

Air travel to become dearer as ATF price hits all-time high after 16% hike

India TV News  

Highlights This is the 11th increase in jet fuel price this year The increase in jet fuel price will raise the operating cost for airlines ATF makes up to 40 per cent of an airline's operating cost Air travel is likely to become costlier after the price of aviation turbine fuel, the fuel that helps aeroplanes fly, was on Thursday …

Jet Fuel Prices Today Cut by 1.3% in Big Relief; Air Travel to Get Cheaper Soon?
2 years, 6 months ago

Jet Fuel Prices Today Cut by 1.3% in Big Relief; Air Travel to Get Cheaper Soon?

News 18  

Jet Fuel Price Slashed: The prices of aviation turbine fuel or ATF, that is required to run an aeroplane, was decreased by 1.3 per cent, state owned Indian Oil Corporation announced on Wednesday, June 1. ATF Prices in Recent Times and Impact on Air Travel Earlier on May 16, Indian Oil Corporation had announced a hike in jet fuel prices …

ATF price hiked by 5.3%
2 years, 7 months ago

ATF price hiked by 5.3%

The Hindu  

Jet fuel prices on Monday were hiked by a steep 5.3% — the tenth straight increase this year — to an all-time high, in line with a surge in global energy prices. Meanwhile, petrol and diesel prices remained unchanged for the 41st straight day after rising by a record ₹10 per litre each. Jet fuel prices are revised on the …

Air Travel to Get Expensive as Jet Fuel Prices Hiked by 5 Percent in Delhi
2 years, 7 months ago

Air Travel to Get Expensive as Jet Fuel Prices Hiked by 5 Percent in Delhi

News 18  

The Indian Oil Corporation has announced a hike in jet fuel prices by 5 percent, taking it to Rs 1.23 lakh per kilolitre in Delhi, CNBC-TV18 reported today on May 16. The aviation turbine fuel prices have been hiked 61.7 per cent from Rs 72,062 per kl to Rs 1.23 lakh per kl since January. In Chennai, petrol retail price …

ATF price up marginally, rates at record high
2 years, 8 months ago

ATF price up marginally, rates at record high

The Hindu  

Jet fuel prices on Saturday were hiked by a marginal 0.2% — the eighth straight increase this year — to an all-time high, reflecting a surge in global energy prices. The price of aviation turbine fuel — the fuel that helps aeroplanes fly — was hiked by ₹277.5 per kilolitre, or 0.2%, to ₹1,13,202.33 per kl in the national capital, …

Aviation turbine fuel (ATF) price up marginally, rates at record high today
2 years, 8 months ago

Aviation turbine fuel (ATF) price up marginally, rates at record high today

Live Mint  

Jet fuel prices on Saturday were hiked by a marginal 0.2 per cent -- the eighth straight increase this year -- to an all-time high, reflecting a surge in global energy prices. The price of aviation turbine fuel -- the fuel that helps aeroplanes fly -- was hiked by ₹277.5 per kilolitre, or 0.2 per cent, to ₹1,13,202.33 per kl …

Jet Fuel Prices At All-time High: Will Airlines Raise Domestic Flight Ticket Prices Soon?
2 years, 8 months ago

Jet Fuel Prices At All-time High: Will Airlines Raise Domestic Flight Ticket Prices Soon?

News 18  

As the jet fuel prices have been rising for quite some time and currently hovering at an all-time high levels, the aviation industry is facing the heat on its finances. ICRA on Jet Fuel Hikes Rating agency ICRA expects the Indian aviation industry to report a net loss of Rs 25,000-26,000 crore in FY2022. “Elevated aviation turbine fuel prices, which …

Air Travel to Get More Expensive as ATF Prices Hiked to All-Time High in India
2 years, 8 months ago

Air Travel to Get More Expensive as ATF Prices Hiked to All-Time High in India

News 18  

Jet fuel prices were hiked today by 2 per cent – the seventh straight increase this year – to an all-time high, reflecting a surge in global energy prices. Aviation turbine fuel was hiked by ₹ 2,258.54 per kilolitre, or 2 per cent, to ₹ 1,12,924.83 per kl in the national capital, according to a price notification by state-owned fuel …

ATF Price Sees an Increase of Over 18%, Registers Steepest Rise Ever
2 years, 9 months ago

ATF Price Sees an Increase of Over 18%, Registers Steepest Rise Ever

News 18  

High crude oil prices on Wednesday led OMCs to hike aviation turbine fuel prices by over 18 per cent to more than Rs 1 lakh per kilolitre, the steepest hike ever. Accordingly, in the national capital, the price of jet fuel was raised by 18.32 per cent to Rs 1,10,666.29 per kilolitre from Rs 93,530.66 per kl. “The current hike …

Indian Domestic Airline Industry Calls for Rationalisation of ATF Taxes
2 years, 9 months ago

Indian Domestic Airline Industry Calls for Rationalisation of ATF Taxes

News 18  

India’s domestic airlines have called for the rationalisation of taxes on jet fuel to counter the massive rise in fuel prices. On Wednesday, high crude oil prices led OMCs to hike ATF prices to more than Rs 1 lakh per kilolitre. “Over the past few weeks, crude oil prices have soared to a seven-year high nearing $140 per barrel, due …

Jet Fuel Under GST? IndiGo CEO Urges Govt to Consider it After Massive Hike in ATF Prices
2 years, 9 months ago

Jet Fuel Under GST? IndiGo CEO Urges Govt to Consider it After Massive Hike in ATF Prices

News 18  

Aviation Turbine Fuel or ATF prices have seen a steep rise over the past few months, and the hike seems to be in no mood to stop since crude oil prices too have been increasing due to restricted oil supply amid the situation arising Russia’s invasion on Ukraine. The price of aviation turbine fuel has increased by 50 per cent …

Air Travel to Get Costlier as Jet Fuel Prices Rise to Record High After Price Hike
2 years, 10 months ago

Air Travel to Get Costlier as Jet Fuel Prices Rise to Record High After Price Hike

News 18  

Air travel is expected to get costlier as oil marketing companies on Wednesday raised the aviation turbine fuel prices for the second time in February. In the national capital, the price of jet fuel was raised to Rs 90,519.79 per kilolitre from Rs 86,038.16 per kilolitre. Fuel retailers revise jet fuel prices on a fortnightly basis. At present, fuel based …

Domestic Air Passenger Grow in June Due to Pent-Up Demand, Ease in Restrictions
3 years, 5 months ago

Domestic Air Passenger Grow in June Due to Pent-Up Demand, Ease in Restrictions

News 18  

Pent-up demand, along with low base and easing of Covid restrictions, pushed India’s domestic air passenger traffic higher in June 2021. “Passengers carried by domestic airlines during January-June 2021 were 343.37 lakhs as against 351.78 lakhs during the corresponding period of previous year thereby registering annual growth of 2.39 per cent," the DGCA said in its June data report. Besides, …

As State Run Refiners Increase Jet Fuel Prices, Air Travel Likely to Get More Costly
3 years, 5 months ago

As State Run Refiners Increase Jet Fuel Prices, Air Travel Likely to Get More Costly

News 18  

State-run refiners increased the jet fuel prices on Friday adding more worries to the Indian carriers struggling to reboot operations after extensive disruptions due to the fresh wave of the pandemic. In the National capital, ATF prices for domestic airlines increased by 2.44 per cent from Rs 68,262.35 per kilolitre on July 1 to Rs 69,857.97 on July 16. Any …

Air travel may become costlier as jet fuel prices soar
3 years, 5 months ago

Air travel may become costlier as jet fuel prices soar

India TV News  

Prices of Air Turbine Fuel, also known as jet fuel, soared to Rs 68,262 per kiloliter in Delhi on Thursday, around 30 per cent more expensive than in January 2021. "ATF prices hiked in Delhi by 3.6 per cent and stood at Rs 68,262.35 per kl, in Kolkata it is increased by 3.27 and is at Rs 72,295.24 per kl; …

Domestic flights: Govt hikes lower fare band by 5%, extends cap on 80% capacity
3 years, 9 months ago

Domestic flights: Govt hikes lower fare band by 5%, extends cap on 80% capacity

India Today  

The government on Friday said that airlines will have to limit their capacity of 80 per cent of pre-Covid times till April as the number of air passengers has declined in the last few days due to coronavirus-related restrictions and impositions. "Last few days have seen a decline in the number of air passengers largely due to restrictions & imposition …

Rising Fuel and Crude Oil Prices Reason for Recent Domestic Flights Airfare Increase: HS Puri
3 years, 10 months ago

Rising Fuel and Crude Oil Prices Reason for Recent Domestic Flights Airfare Increase: HS Puri

News 18  

Government has increased the minimum and maximum price band on the domestic flight prices. For example, Delhi-Mumbai fares at lower band has gone up from Rs 3,500 to 3,900 — comparable to second-class AC fares on Railways, Puri said. On May 21, the aviation regulator DGCA issued the government-decided fare limits for these bands — domestic flights with less than …

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