Airfares across domestic and international routes are rising as aviation turbine fuel prices surge amid the ongoing West Asia conflict. Airlines including Air India have announced a phased fuel surcharge hike, while travellers report steep increases in ticket prices on key routes
Domestic and International fliers are feeling the pinch, as the price of aviation turbine fuel (ATF) has skyrocketed across the world due to the war in West Asia. ATF accounts for about 40 per cent of any airline’s operational costs, and scarcity of the energy commodity, or an increase in its prices, results in a direct increase in airfare. Airlines such as Air India and Air India Express on Tuesday formally announced that they would carry out a phased expansion of fuel surcharge on all their routes.
Air India announced a phased increase in costs, which comes into force at 1 am on Thursday. A statement from the airline read, “In India, this pressure is amplified by high excise duty and value-added tax on ATF in major metro cities such as Delhi and Mumbai, magnifying the cost of the impact and placing substantial strain on airline operating economics
https://www.mid-day.com/mumbai/mumbai-news/article/west-asia-war-flight-tickets-get-costlier-as-airlines-hike-fuel-surcharge-worldwide-23620414/