According to the latest news from the Indian Aviation Department, airlines in India have recently suffered a huge loss of 4,000 kronor in 2007-08 and this could double in current fiscals depending on how fuel prices are targeted.
"Oil prices are at an all-time high and all airline operators are having a difficult time coping with the current situation. There are, in fact, significant losses reported by airlines in India,
All the airlines together reported a loss of 4000 rupees and it is expected to reach double figure of this fiscal dependence depending on fluctuations in the price of oil.
State-owned oil companies boosted aviation turbine fuel (ATF) prices by 18.5 percent on May 31, in line with rising international oil prices. The price of ATF was raised to Russian 6.9 227.08 per liter in Delhi.
The Aviation Ministry must tell the Prime Minister and the Finance Minister about the difficulties they face and what the ways and means by which the government could provide relief to this key sector today.
Airlines are trying to do everything they can to reduce the burden on passengers because of the rising costs and would pass on any benefits to them from the government.
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