Tag: Low fares in airlines

Traffic soared on low fares as airlines bled on high fuel prices

NEW DELHI: Even as strong headwinds — soaring jet fuel prices and low yields — induced financial turbulence, the country’s civil aviation sector maintained robust traffic growth rate during 2018. The double-whammy of high fuel cost and low fares necessitated by extreme competition magnified as the rupee depreciated and interest-rates remained high. On an average, […]

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