India’s major airlines on ‘verge of closing down’ as high fuel costs sting
India's major airlines are warning of potential shutdowns due to soaring aviation fuel costs, urging the government to reinstate pandemic-era price caps and reduce taxes to ensure survival. The industry body representing carriers says sustained high fuel prices are making operations unsustainable. Without immediate relief, airlines may be forced to cut capacity or cease operations. The plea comes amid weak profitability and rising debt across the sector.
- ▪Indian airlines are on the verge of shutting down due to high aviation fuel costs.
- ▪The industry is requesting a return to Covid-era fuel price caps and lower taxes.
- ▪Fuel expenses account for nearly 40% of airlines' operating costs in India.
- ▪Carriers warn that without government intervention, operations may become unviable.
- ▪The situation threatens jobs and connectivity across the country.
Opening excerpt (first ~120 words) tap to expand
.css-1e339y7{z-index:1400;}.css-1e339y7 .MuiDrawer-paper{overflow-y:hidden;}.css-1e339y7 .MuiDrawer-modal{background:rgba(0, 0, 0, 0.2);}.css-1h2k762{z-index:1200;z-index:1400;}.css-1h2k762 .MuiDrawer-paper{overflow-y:hidden;}.css-1h2k762 .MuiDrawer-modal{background:rgba(0, 0, 0, 0.2);}.css-1whztno{position:relative;}.css-1whztno:first-of-type .er6t7fe40>*:first-child{padding-block-start:0;}.css-ahnbry>*:first-child{padding-block:var(--mobile-widget-gap, 16px);}@media (min-width:768px){.css-ahnbry>*:first-child{padding-block:40px;}}.css-hhdj32{--content-tablet-up-max-inline-size:600px;--widget-extra-padding:12px;--mobile-widget-gap:16px;--desktop-widget-gap:18px;display:grid;grid:"header-container" min-content "leading" min-content "content-container" min-content "widgets-bottom"…
Excerpt limited to ~120 words for fair-use compliance. The full article is at South China Morning Post.