India's major airlines on 'verge of closing down' as high fuel costs sting
India's major airlines are facing severe financial distress due to soaring aviation fuel costs, which are threatening their operational sustainability. Industry leaders have warned that without immediate relief measures, several carriers may be forced to cease operations. The situation has prompted calls for government intervention to stabilize the sector.
- ▪High aviation fuel costs are pushing India's major airlines to the brink of closure.
- ▪Airlines are urging the government to reduce taxes on aviation turbine fuel to alleviate financial pressure.
- ▪The financial strain has intensified despite rising passenger demand in the domestic market.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at South China Morning Post.