India approves ₹10,000 crore ATF price stabilisation fund as airlines reduce domestic flights due to rising jet fuel prices
India's Cabinet approved a ₹10,000 crore ATF price stabilisation fund to protect airlines from rising jet fuel prices. Air India, Air India Express, and Indigo reduced 250 daily domestic flights from June due to rising jet fuel prices, a move expected to increase airfares. Jet fuel prices surged 2.5 times amid the West Asia crisis, according to Bluesky. The reduction in flights was reported by The
India's Cabinet approved a ₹10,000 crore ATF price stabilisation fund to protect airlines from rising jet fuel prices. Air India, Air India Express, and Indigo reduced 250 daily domestic flights from June due to rising jet fuel prices, a move expected to increase airfares. Jet fuel prices surged 2.5 times amid the West Asia crisis, according to Bluesky. The reduction in flights was reported by The Hindu.
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