Domestic airlines can save $ 400 million due to fuel prices drop: report


Domestic airlines are expected to save USD 400 million in the current fiscal on account of sharp decline in fuel prices, which could also mark a turnaround for the loss-making aviation sector, a report said today. 
"Between September last year and January this year, into- wing air turbine fuel (ATF) prices in India declined by 24 per cent. India's airlines could save USD 400 million this year on lower fuel prices," Sydney based aviation think tank Centre for Asia Pacific Aviation (CAPA) said. 
With fuel accounting for around half of the operating costs of an airline in the country, the 24 per cent fall represents a 12 per cent reduction in costs, the report said. 
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