New Delhi: Aviation in India will be impacted by the rise in fuel costs in the first quarter of 2017. The slide in the value of the rupee will also impact the earnings of all airlines, Martin Consulting said in its ‘Review of Indian aviation in 2017’ report.
The report warns that the increase in global aviation fuel prices could result in “casualties” among Indian airlines.
The report points out that the projected rise in global aviation fuel prices is expected to cast a shadow on passenger growth numbers in the near term adding that much of the over 20 per cent growth in domestic passenger carriage is on account of airlines managing to absorb costs to churn out sustainable air fares.
“This will be tested in the course of the coming year,” the report says.
To Read the News in Full 29/01/17 Business Line
The report warns that the increase in global aviation fuel prices could result in “casualties” among Indian airlines.
The report points out that the projected rise in global aviation fuel prices is expected to cast a shadow on passenger growth numbers in the near term adding that much of the over 20 per cent growth in domestic passenger carriage is on account of airlines managing to absorb costs to churn out sustainable air fares.
“This will be tested in the course of the coming year,” the report says.
To Read the News in Full 29/01/17 Business Line
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