Fri, Oct 06, 2023
Indigo's air travel becomes expensive - fuel surcharge imposed due to expensive ATF. Indigo imposed fuel surcharge up to ₹ 1000. How much will be the surcharge according to distance? What is the trend of ATF prices? Know complete details in this video.
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Tue, Mar 21, 2023
Government officials have indicated that the windfall tax would be removed once oil prices fall by $40 per barrel from what it was in July 2022 at the time it was introduced. India first imposed windfall profit taxes on July 1 last year.
Wed, Mar 01, 2023
ATF price is revised on the 1st of every month based on the average rate of international benchmark and foreign exchange rates.
Fri, Aug 19, 2022
At the third fortnightly review, the government has increased the windfall profit tax on the export of diesel to Rs 7 per litre from Rs 5 a litre and brought a Rs 2 a litre tax on ATF exports
Thu, Jun 16, 2022
Airlines companies have suffered a major setback. ATF prices have increased by 16% simultaneously. Jet fuel prices are revised on the 1st and 16th of every month.
Sat, Apr 16, 2022
Jet fuel prices on Saturday were hiked by a marginal 0.2 per cent -- the eighth straight increase this year -- to an all-time high, reflecting a surge in global energy prices.
Tue, Jun 16, 2020
Jet fuel or ATF price on Tuesday was hiked by 16.3 per cent while petrol price was increased by 47 paise per litre and that of diesel by a record 93 paise on the back of firming international oil rates
Sun, Mar 15, 2020
Hardeep Singh Puri, Minister (I/C), Civil Aviation, has said that we need to bring aviation turbine fuel under GST.
Sun, Apr 07, 2019
Airlines could expect an annual relief of up to Rs 5,000 crore by way of input tax credit if ATF is brought under GST.
Mon, Oct 15, 2018
Crunched for cash, Jet Airways has begun belt-tightening exercise with sources claiming that the full service carrier (FSC) has been cutting capacity and flights to curtail cash burn to keep afloat.
Mon, Jul 02, 2018
The reduction comes on back of two successive monthly hikes, the last being a steep 7 per cent on June 1 that took rates to four-year high of Rs 70,028 per kl in Delhi. ATF price was on May 1 was raised by Rs 3,890 per kl (6.3 per cent) to Rs 61,450 per kl.
Sat, May 19, 2018
It has been revealed that, air fares have surged by 17% in the first 15 days of May.
Wed, Apr 04, 2018
Mounting NPA has become a big problem for the banking sector. Lenders use write-offs as one of the tools to bring down bad debt on their books by making 100 per cent provision. Loans written off as percentage of gross NPA was 21 per cent in March 2006, which rose to 25 per cent in March 2011 and has since then declined to 18 per cent in March 2015
Wed, Nov 01, 2017
Every month, the state-owned oil firms revise the prices of cooking gas and aviation turbine fuel in metro cities like Delhi, Kolkata, Mumbai and Chennai.
Mon, Oct 23, 2017
Analysts predict headwinds for the aviation sector with very minute growth in domestic air passenger traffic and increasing aviation turbine fuel (ATF).
Sun, Oct 01, 2017
Aviation turbine fuel (ATF) will now cost Rs 3,025 per kl more than Rs 50,020 previously in Delhi. This the third consecutive monthly hike in ATF price, the last being by 4% (Rs 1,910 per kl) on September 1.
Fri, Sep 01, 2017
Indian oil has hiked aviation turbine fuel prices between 3% - 4% for both domestic and international airlines in four metro cities namely New Delhi, Mumbai, Kolkata and Chennai.
Tue, Jul 11, 2017
Three private listed companies; Jet Airways, SpiceJet and Indigo are expected to better earnings, margins and ASK growth in Q1FY18.
Tue, Jul 04, 2017
GST tax slabs have turn out to lower in economic class tickets, while higher in business class tickets. However, analysts feels migration to GST would be largely neutral for airline sectors.
Tue, Jun 27, 2017
Currently, crude oil, petrol, diesel, jet fuel or aviation turbine fuel (ATF) and natural gas are not included in the new indirect tax structure, which is set to kick in from July 1.
Tue, Jun 06, 2017
With the GST coming in, volatility in crude prices ahead, low cost carries take on fare prices will be key thing to watch. Q4FY17 was mostly negative for Jet Airways, SpiceJet and Indigo on the back of low fares, ATF prices and demonetisation.
Sat, Jun 03, 2017
Spicejet Ltd reported an over 50% drop in its standalone net profit for the quarter ended March 31, 2017 on June 3, 2017. The company said that its net profit for the given quarter stood at Rs 41.6 crore as against Rs 107.87 crore in the same period of last year.
SpiceJet is set to announce its results for the fourth quarter ended March 31, 2017. Profitability of domestic airlines have suffered the brunt of low fares, high Aviation Turbine Fuel and demonetisation.
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