New Delhi, April 8 (IANS) Pakistan International Airlines (PIA) has scrapped most passenger discounts and cut flight frequencies as rise in jet fuel prices squeezed the air carrier’s finances, a new report has said.Pakistan-based Dawn cited a PIA spokesperson as saying that concessions are currently limited to children and infants, and all other fare discounts withdrawn.The move followed a high-level review of rising fuel costs and potential losses after Jet fuel (JP‑1) prices jumped signifi…
Latest International Air Transport Association News & Updates
New Delhi, April 7 (IANS) Multiple reports on Tuesday said that Air India Chief Executive Officer (CEO) Campbell Wilson has resigned before his term ends. The airline was yet to issue an official statement on this development.Wilson is currently serving his notice period, according to reports.The Tata Group airline has not made any public statement yet. A query sent to airlines was not immediately answered.It is also unclear if the company has found a replacement. The board was scouting since la…
Seoul, March 26 (IANS) South Korea will significantly expand its temporary fuel tax cut in a bid to ease the financial burden on consumers amid the prolonged conflict in the Middle East, the finance ministry said on Thursday.Under the latest measures to support people’s livelihoods, the current tax cuts — 7 percent on gasoline and 10 percent on diesel — will be expanded to 15 percent and 25 percent, respectively, reports Yonhap news agency.The measure, which had been set to expire in April, wi…
New Delhi, March 13 (IANS) India’s largest airline IndiGo on Friday announced that it will introduce a fuel surcharge on both domestic and international flight tickets starting March 14, following a sharp rise in aviation turbine fuel prices linked to tensions in the Middle East.In a statement, the airline said the surcharge will range between Rs 425 and Rs 2,300 depending on the route.The move comes as airlines face increasing operating costs due to the surge in jet fuel prices amid the ongoi…