Best News Ever For Airlines

The Airlines of India are struggling with heavy taxes on ATF and other charges. The reduction in International Crude Prices will give immediate effect on ATF prices. The ATF prices are expected to cut by Rs 1000 per KL.

Delhi	59943.00
Kolkata	69386.00
Mumbai	61695.00
Chennai	65556.00

 

 

 Change in ATF prices over last 6 months in India:

Month	Delhi	Kolkata	Mumbai	Chennai
November 01, 2014	62537.93	72214.17	64414.98	68432.11
October 01, 2014	67525.63	77372.56	69610.5	73775.91
September 01, 2014	69603.25	79537.36	71829.42	76023.95
August 01, 2014	70044.87	79956.79	72289.44	76470.76
July 01, 2014	70161.76	80076.09	72411.21	76527.22
June 25, 2014	69779.91	79869.08	71940.36	76049.69

 

The ATF prices are expected to be reduced by atleast 2000 per kilo litre to Rs 57000 per KL. This will help entire aviation industry in improving the margins and profitability. Spicejet is struggling to survive whereas Vistara and Air Asia are considering it as best time to expand.

 

 

There are currently nine Scheduled Airlines in Indian Aviation :

1. Jet Airways
2. Air India
3. Jet Lite
4. SpiceJet (Struggling to Survive)
5. Go Air
6. Indigo
7. Air Costa
8. Air Asia
9. Vistara Air ( expected to fly by Jan end)

 

 

Nine Upcoming airlines in India :

 

1. Air One (Scheduled Airlines )

2.Zexus Air (Scheduled Airlines )

3.Seven Sister Airlines( Scheduled Airlines )

4.Turbo Airlines ( Regional Airlines )

5.Ligare Aviation ( Regional Airlines )

6.Air Carnival ( Regional Airlines )

7. MSD Aviation ( Cargo Airlines)

8. ZAV Airways ( Regional Airlines )

9.Air Pegasus ( Regional Airlines)

10 ABC Airways (Regional Airlines)

 

Diesel and jet fuel prices have also plunged, helping boost the profits and share prices of airlines. This is the Best News Ever For Airlines The depth of oil’s plunge could be a signal that the global economy is struggling even more than economists think. A weak global economy could hurt the U.S. economy by reducing exports, employment and spending, which together could outweigh the economic benefits of cheaper fuel.

 

For oil companies, oil-producing states, and oil-exporting countries, like Iran, Iraq, Russia and Venezuela the oil price collapse is extremely painful for them.

Bank of America estimates that every $1 drop in the global price of oil costs Venezuela $770 million in annual revenue.