Prices of aviation turbine fuel (ATF), or jet fuel, will be hiked by 10% in March. This happens at a time when airlines, led by Jet Airways and IndiGo, are cancelling flights, though for absolutely different reasons. The combined effect, say airline officials, will be lower supply of seats that may enable them to hike fares to absorb increasing costs.
“ATF prices are up again by 10% effective (March). Not good for already struggling industry!” tweeted AirAsia India COO Sanjay Kumar, an industry veteran.
