New Delhi: The price of flight turbine (ATF) on Tuesday touched the highest level in India, making the struggle for survival for Covid-hit airlines even more difficult.
One kilo liter (KL or 1,000 liters) for domestic flights now costs Rs 86.038.2 in Delhi and Rs 84.505.6 in Mumbai – two busiest airports in India.
Officials throughout the airline said the airline ministry now automatically raises the location of the domestic tariff which is given a situation or industry needs to ask the same.
“ATF prices have been carried out by Rs 6,743.25 per KL or 8.5 percent to Rs 86,038.16 per KL in Delhi.
This is the highest price touched by ATF (in India).
This is higher than Rs 71,028.26 per KL In August 2008 when international crude oil prices had touched $ 147 per barrel, “said an airline official.
The ATF itself accounts for almost 40% of Indian Airlines operating costs because this country has the most expensive jet fuel for domestic flights globally.
The increase came on the day when the industry struggling was not relieved, again, in the budget.
Ronojoy Dutta, CEO of the largest airline in India (by passenger trains), Indigo, said, ” The travel industry – which almost started out of Delta Blow in November when the latest waves hit – hard.
Traveler number again hit the rock bottom.
Minister of Finance Nirmala Sitharaman extended the emergency credit line guarantee scheme for the hospitality industry.
“Hospitality and related services, especially those by micro and small businesses, have not regained their pre-pandemic business level Lakh Crore, with an additional amount intended exclusively for hospitality and related companies, “FM said,” FM said) in his speech.
However, the hospitality industry felt this might not be enough to save them from repeat pandemic punches.
“All tourism, travel industry And hospitality feels pretty sad …
there is a direct opportunity for direct intervention to support tourism companies, travel and hospitality that are very depressed and their employees, “said Nakul Anand, the Federation of Associations in India Chairperson of Tourism & Hospitality (Faith).” This can come in the form of wage support for tourism travel employees and hospitality companies to tourism awakening occur; Infra status to the hotel; The cost of e-visa neglect for all tourist visas to re-enter; Domestic income tax travel credit for Indian citizens and Indian companies; Export status for tourism export income and establish a GST review committee to re-examine the pain points (sector), “Anand said.