Many airlines are not launching new routes due to surge in oil prices: BIAL MD and CEO
The surge in oil prices due to the West Asia conflict is impacting airlines' ability to launch new routes. Many airlines are either cancelling routes or postponing new launches as fuel costs significantly affect profitability. However, some airlines are increasing their flight frequencies, and new routes, like the non-stop flight from Bengaluru to Zurich, are still being introduced.
- ▪The escalation of oil prices has resulted in airlines not launching new routes.
- ▪Many airlines are cancelling routes or not launching new routes due to high fuel costs.
- ▪Swiss International Air Lines announced a new non-stop flight between Bengaluru and Zurich, starting in October.
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The Kempegowda International Airport (KIA), which has already felt the impact of the West Asia conflict, will have to brace for the surge in oil prices in the days to come. The escalation of oil prices has resulted in airlines not launching new routes.“The biggest significant impact it (West Asia conflict) has had is that the crisis has resulted in a massive escalation of oil prices. Fuel is one of the most significant costs of an airline, and therefore, it is putting a lot of pressure on the airline’s profitability. As a result, many airlines are cancelling routes or not launching new routes,” Hari Marar, managing director and chief executive officer, Bangalore International Airport Limited (BIAL), told The Hindu.Mr.
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