{"id":303359,"date":"2019-11-29T10:14:07","date_gmt":"2019-11-29T04:44:07","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=303359"},"modified":"2019-11-29T10:41:08","modified_gmt":"2019-11-29T05:11:08","slug":"fuel-cost-forex-rate-variation-led-to-rs-4685-cr-loss-for-air-india-govt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/fuel-cost-forex-rate-variation-led-to-rs-4685-cr-loss-for-air-india-govt\/","title":{"rendered":"Fuel cost, forex rate variation led to Rs 4,685 cr loss for Air India: Govt"},"content":{"rendered":"<p>Increase in fuel costs and impact of foreign exchange rate variation were two major reasons for Air India&#8217;s operating loss of Rs 4,685 crore in 2018-19, Civil Aviation Minister Hardeep Singh Puri said on Thursday. <\/p>\n<p>&#8220;Aviation Turbine Fuel (ATF) costs increased from Rs 7,363 crore in 2017-18 to Rs 10,034 crore in 2018-19 i.e. an increase of almost 28.9 per cent in fuel rates over the previous year,&#8221; Puri said in a written reply to a question in Lok Sabha. <\/p>\n<p>&#8220;The impact of exchange rate variation led to an increase in expenses from Rs 31 crore in 2017-18 to Rs 772 crore in 2018-19,&#8221; he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Increase in fuel costs and impact of foreign exchange rate variation were two major reasons for Air India&#8217;s operating loss of Rs 4,685 crore in 2018-19, Civil Aviation Minister Hardeep Singh Puri said on Thursday. &#8220;Aviation Turbine Fuel (ATF) costs increased from Rs 7,363 crore in 2017-18 to Rs 10,034 crore in 2018-19 i.e. an increase of almost 28.9 per cent in fuel rates over the previous year,&#8221; Puri said in a written reply to a question in Lok Sabha. &#8220;The impact of exchange rate variation led to an increase in expenses from Rs 31 crore in 2017-18 to Rs [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-303359","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/303359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=303359"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/303359\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=303359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=303359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=303359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}