The outbreak of coronavirus is proving to be a mixed bag for the Indian aviation industry. While the sector is one of the worst affected due to a drop in passengers, coronavirus has some silver linings for the domestic aviation industry as there is a drop in the jet fuel prices. Crude oil prices have softened which also reflect on the aviation turbine fuel (ATF). The resulting drop has been the sharpest slip in ATF prices since October-December 2018, The Indian Express reported citing ICRA data. From Rs 64,323 on 1 January 2020 to Rs 63,449 on 1 February 2020, the ATF prices have dropped, according to data from Indian Oil. The ATF issue has been troubling the industry for some time now.
