Is India's Aviation Industry Actually On the Brink of Collapse Over Jet Fuel Prices?
India's three major carriers — Air India, IndiGo, and SpiceJet — have jointly warned the central government that the country's airline industry is under "extreme stress" and on the verge of shutting down operations entirely. The Federation of Indian Airlines (FIA), which represents all three carriers, sent a letter to the civil aviation ministry on April 26, urging immediate financial intervention.The Fuel Crisis Driving the WarningThe crisis stems from a sharp escalation in Aviation Turbine Fuel (ATF) prices, which account for roughly 40 per cent of an airline's total operating costs. The ongoing West Asia turmoil has pushed crude oil pr...
