Airline companies: No prospects for reduction in Air-fares!
Posted on: 02/Jan/2015 3:27:18 PM
The airline companies have welcomed the latest price reduction in aviation fuel.
However, they have indicated that this may not lead to any reduction in air-fares.
With the prevailing troublesome situation in the airline industry, the latest fuel price reduction is some relief.
If this trend continues, there can be an exploration on whether to reduce the air-fares.
Oil Corporations had announced yesterday that the price of aviation fuel is reduced by 12.5%. It is a noteworthy point that 40% to 45% of the total cost of a flight is on the fuel.
