Indian airlines warn of shutdown risk as fuel at 60% of total costs

India’s top air carriers are “on the verge of closing down or stopping operations” as the Middle East conflict pushes aviation turbine fuel costs to 55%-60% of total operational expenses, up from a prewar norm of 30%-40%, the Federation of Indian Airlines said in a letter released April 28. The war between the US-Israel and Iran, now in a tenuous ceasefire, has driven the ATF crack differential toIndia’s top air carriers are “on the verge of closing down or stopping operations” as the Middle East conflict pushes aviation turbine fuel costs to 55%-60% of total operational expenses, up from a prewar norm of 30%-40%, the Federation of Indian Airlines said in a letter released April 28. The war between the US-Israel and Iran, now in a tenuous ceasefire, has driven the ATF crack differential toRead More