New Delhi, May 14 (IANS) Air India piled up a loss of $2.8 billion for the financial year 2025-26, according to the Singapore Airlines’ annual report released on Thursday.Singapore Airlines Group reported a 57.4 per cent fall in net profit at Singaporean dollars (SGD) 1.184 billion for the financial year ended March 2026 as the losses of Air India, in which the company has a 25.1 per cent share, eroded the overall bottomline.The Singapore Airlines report states that Air India posted losses amoun…
Latest Jet fuel prices News & Updates
New Delhi, May 3 (IANS) The Congress party on Sunday launched an attack on the Centre after reports emerged that Air India may scale back its international flight operations until July due to a steep rise in jet fuel prices, calling it a case of “gross mismanagement” and accusing the government of ignoring the country’s long-term economic interests.In a post on social media platform X, the opposition party, citing media reports, criticised the situation and said it reflected poorly on the …
New Delhi, April 28 (IANS) Indian airlines are likely to take a call on capacity cuts after the next ATF revision, as a sharp increase in jet fuel prices could force them to rationalise operations, particularly on less profitable routes, according to a report on Tuesday.Domestic carriers are in a wait-and-watch mode as they assess the impact of rising Aviation Turbine Fuel (ATF) prices and prepare for possible changes following the next price revision due in May, NDTV Profit reported.The report …
Sydney, April 15 (IANS) Virgin Australia said on Wednesday it will reduce flights in the current quarter and flagged increased fares to offset higher jet fuel costs. In an update to the Australian Securities Exchange (ASX), Virgin Australia said that its fuel costs in the second half of 2026 are expected to be up to 40 million Australian dollars (about 28.5 million US dollars), higher than previously forecast, as a result of a surge in oil prices driven by the conflict in the Middle East, report…
New Delhi, April 8 (IANS) Civil Aviation Minister Ram Mohan Naidu on Wednesday announced a 25 per cent cut in landing and parking charges for domestic airlines at the country’s airports so that airfares for passengers remain at affordable levels amid the rise in jet fuel prices in the wake of the Middle East conflict. The minister said that the measure is expected to reduce landing and parking charges payable by airlines at major airports during the three-month period by approximately Rs 400 c…
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…
New Delhi, March 14 (IANS) Air India and Air India Express are scheduled to operate a total of 80 scheduled and non-scheduled flights to and from the West Asia region on Saturday, amid the ongoing US-Israel and Iran war.The two carriers continue to operate their respective scheduled services to and from Jeddah and Muscat on March 14 – operating a total of 10 flights to and from Jeddah, and Air India Express operating 8 scheduled flights to and from Muscat, the airline said in a statement.Additio…
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…
New Delhi, March 10 (IANS) Air India group on Tuesday announced a phased expansion of fuel surcharge on its domestic and international routes, saying the move is “necessitated by the steep rise in jet fuel prices” arising from the geopolitical situation in the Gulf region.The new fuel surcharges are being implemented in three phases, covering travel on all flights, including those operated by Air India Express.In Phase 1 (for all new bookings made from 0001 hours India Standard Time on March…