Airlines In India

As per the recent news from the Aviation department of India, Airlines in India recently have suffered a staggering loss of Rs 4,000 crore in the year 2007-08, and it could double in the ongoing fiscal depending on which way fuel prices are headed

"Oil prices are at all-time peak and all airline operators are finding it difficult to tackle the current situation. In fact there are substantial losses being reported by the airlines in India,

All airlines together reported a loss to the tune of Rs 4,000 crore and it is expected that it could reach double figure this fiscal depending upon the oil price fluctuations.

State-run oil firms hiked aviation turbine fuel (ATF) prices by 18.5 percent May 31 in step with rising international oil prices. The ATF price has been raised to Rs.69,227.08 per kilolitre in Delhi.

The aviation ministry is would tell the Prime Minister and the Finance Minister about the difficulties being faced and what could be the ways and means through which the government could provide relief to this key sector today.

The airlines are trying everything in order to reduce the burden over passengers for the rising cost and would pass every benefit they have from the government to them.

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By: kuldeepmmt

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Author is an associate editor of Cheap Airlines India. The website offers exclusive information of Flights Booking India. We also provide information about online reservation of Flights to India.