Airlines on the top of the sky, due to fuel price reduces, travel Jump
News for those travelers who like to travel by Air .Airlines on the top of the sky, due to fuel price reduces, travel Jump.
There is some relief for the falling Indian Airline company due to fall in price of fuel & selling of unexpected ticket
The positive factors are:-domestic air travel growing at 30% and sharp fall in jet fuel prices & it bring the company back from hell to heaven, at a time some officers of company staring at emergency exits and some goes to the home lack of efficiency.
India’s biggest and profitable airline Indigo reported on Thursday it’s a huge ever net profit of Rs 1304crore for FY15 on an enhanced top line of Rs 14320crore. Behind this success is Indigo didn’t resort to indiscriminate discounts and maintained a pricing discipline by consistently offering low- but not suicidal low-fares
Second profitable Indian airline is Wadia Group’s Go Air, is also expected to post a record profit-higher than its rs 146cr in FY14.
Jet Airways and Spice Jet get some relief when they saw their losses falling down.spicejet has posted profit for2 quarters with its founder Ajay Singh returning to the low cost carrier earlier this year.
“low oil prices is the main reason behind the cost of doing a huge business in India for an airline is among the top in the world. Structural cost reduction is necessary, without banking on fickle oil prices. Unfortunately, the NDA’aviation ministry has not been able to offer any relief. The two ministers (senior A G Raju and his deputy Mahesh Sharma) should stop disagreeing on everything and work together to make Indian aviation sustainable”, said an airline worker.
The Airline industries hope that Prime Minister Narendra Modi will some systematic changes in the aviation ministry-which is described as NDA’s NPA (non-performing asset) by industry watchers and investors-as just changing secretaries time and again won’t help.