Saturday, March 08, 2008

Indian aviation faces the crude reality

With a sharp increase in global crude oil prices to over $78 a barrel, Indian airfares will see an increase by Rs.50-100 per ticket as fuel surcharge. Fuel cost in Indian aviation comprises of about 42% of the total operating cost and increase in the prices of the same has led companies to ultimately pass it on to the consumers. This is the second time this month that fuel surcharge has been increased. Paramount Airways, a Chennai-based airline, has already increased fuel surcharge by Rs.100, while other airlines including state owned Indian, are yet to decide the exact increment.

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