Fuel price spiral may squeeze airlines. The over 18 per cent hike in aviation turbine fuel effected by oil companies for June 2008 may step up the pressure on the profitability of listed airline companies.
It may also delay break-even for low-cost carriers such as SpiceJet and Deccan Aviation.
The latest hike takes the total year-on-year increase in ATF prices to over 85 per cent (from Rs 39,000/ kilolitre levels to Rs 73,000 per kl).
Wednesday, June 4, 2008
Posted by Sachin Shahane at 10:19 AM
Labels: Heard On The Street
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