25 Apr '11, 3am

Indian consumers expected to pay more for air travel: And with crude prices continuing to rise, Indian consumers...

Indian consumers expected to pay more for air travel: And with crude prices continuing to rise, Indian consumers...

NEW DELHI: Many airlines in India have revised their fares following a hike in jet fuel prices. And with crude prices continuing to rise, Indian consumers are set to pay even more for air travel. State-owned oil firms recently hiked jet fuel prices by over six per cent. It comes on the back of three consecutive massive hikes last month, when crude oil spiked beyond $100 a barrel. The news sent aviation stocks down three to five per cent as fuel cost accounts for over 40 per cent of the airlines' operating cost and beleaguered airliners are passing on the burden to passengers. Vijay Mallya, Chairman, Kingfisher Airlines, said: "Kingfisher is passing the increase in fuel charges to the consumers via the fuel surcharge. I suspect most of the airlines are doing the same." Many airlines are finding it difficult to keep pace with rising fuel costs - which has gone up 11 times in...

Full article: http://www.channelnewsasia.com/stories/southasia/view/112...

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