Airlines warn of steep hike in fares

July 1, 2013

GoAir_CEONew Delhi, Jul 1: The rupee's slide could well mean sky high domestic fares this festive season. Almost all airlines have warned that the dollar's gravity-defying act has added to their costs. Since the July-September quarter is low travel season when airlines lower charges to attract passengers, fares in the October to mid-January period would be 'adjusted' significantly upwards to make up for the falling rupee's impact.

Low-cost carrier GoAir, which is India's smallest schedule airline with 15 aircraft, estimates an additional expense of Rs 30 crore per annum for every rupee depreciation. The impact on the big boys—Air India, Jet and IndiGo that have almost 100 aircraft in their fleet— and SpiceJet can well be imagined. Besides fuel, other expenses on aircraft leasing, engine maintenance are also dollar denominated.

"The reduction in fares during the lean travel July-September season will not be as much as all airlines are bleeding. The fall will be limited to 10-15% instead of previous years when it was as high as 25%. The only solution for us is to have high fares in the October-December quarter to cut losses in this fiscal. People will do well to book as much in advance for travel in that period as spot fares then will be high," said the CEO of a leading airline.

GoAir CEO Giorgio De Roni recently told TOI that airlines will avoid "crazy pricing" in the lean travel months this time and not do what has been done in the past. "The costs have gone up (due to rupee's fall) but I do not expect fare hike in July-September season. However, I do not expect airlines to go in for crazy pricing either. I hope the rupee recovers soon."

Another airline's head said falling rupee had all but wiped out the entire positive impact of the crude cooling off. "Almost 70% of an airline's expenses is in dollar terms, be it expat salaries, leasing, aircraft and engine maintenance contracts. In the last month alone, our operating costs have risen by 10%. Now, an airline can offer low fares only if it wishes to end up like Kingfisher," the official said."

Prices of aviation turbine fuel or jet fuel have gone through the roof due to the combination of high base tariff by oil PSUs and sky high sales tax rates of state governments. As a result, ATF rates in India for domestic flights are among the highest globally.

"Neither the state governments have lowered sales tax, nor has the centre categorized ATF as a declared good that could have led to a uniform low tax rate across the country. ATF accounts for over

half of an airline's operating cost and they will pass on the increased cost burden to flyers through higher fares," said an official.

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News Network
February 29,2020

New Delhi, Feb 29: Former Union Minister M J Akbar told a Delhi court on Friday that journalist Priya Ramani had defamed him by calling him with adjectives such as 'media's biggest predator' in the wake of #MeToo movement in 2018 that harmed his reputation.

M J Akbar made the allegations before Additional Chief Metropolitan Magistrate Vishal Pahuja through his lawyer during the final hearing of a private criminal defamation complaint filed by him against Priya Ramani. Akbar resigned as Union minister on October 17, 2018.

Ramani in 2018 accused Akbar of sexual misconduct around 20 years ago when he was a journalist.

Senior advocate Geeta Luthra, appearing for Akbar, said that the allegations were intentional and malafide.

“When you call someone media's biggest predator, it is per se defamatory. Calling a person with such adjectives is on the face of it defamatory. In the eyes of the people, Akbar's reputation was harmed... The per se effect was lowering of my (Akbar) reputation in the eyes of the right thinking members of the society,” she told the court.

She said there was no due process in the allegations. “It has a cascading effect. Embarrassing questions were asked. I (Akbar) am a person of greatest integrity... There was no due process in the allegations. You cannot just make allegation and let that person suffer,” she added.

Luthra said that if there was any grievance, it had to be raised then and there before the appropriate authority.

“We need to realise the effect has what we say or what we do. It's not like she went to any authority or raised any grievance. Opportunity was there, rights were there but to attack so person behind their back on social media...knowing that his whole life will be adversely affected? It's not right,” she said.

M J Akbar has denied all the allegations of sexual harassment against the women who came forward during #MeToo campaign against him.

Akbar had earlier told the court that the allegations made in an article in the 'Vogue' and the subsequent tweets were defamatory on the face of it as the complainant had deposed them to be false and imaginary and that an “immediate damage” was caused to him due to the “false” allegations by Priya Ramani.

Ramani had earlier told the court that her “disclosure” of alleged sexual harassment by Akbar has come at “a great personal cost” and she had “nothing to gain” from it.

She had said her move would empower women to speak up and make them understand their rights at workplace.

Several women came up with accounts of the alleged sexual harassment by M J Akbar him while they were working as journalists under him.

He has termed the allegations “false, fabricated and deeply distressing” and said he was taking appropriate legal action against them.

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Agencies
January 8,2020

New Delhi, Jan 8: Jawaharlal Nehru University Students Union (JNUSU) President Aishe Ghosh has filed a complaint over the violence that took place at the varsity campus on Sunday.

"I am filing this complaint for the incident in which a mob conspired and acted with common intention to assault, intimidate and attempt to murder me, and request you to register an FIR and apprehend culprits at the earliest," the complaint read.

She said that on January 5, in the afternoon, she received information from students in the campus that some students affiliated to ABVP along with other unidentified men and women had gathered with weapons like rods, sledgehammers and lathis near Ganga Bus Stop.

"I along with Nikhil Mathew (MA Labour Studies) who was also present there, were surrounded by a group of persons of that mob most of whom were wearing masks. The mob of 20-30 persons dragged me behind a car standing near the 24*7 and surrounded me and despite my pleading did not let me go and attacked me with rods while I had fallen down. I remember that one of the people was of medium height wearing a brownish-red sweatshirt with UCLA written on it. I saw his face as he was facing me and did not have a mask on and can identify him if I see him," Ghosh wrote in her complaint.

"I was attacked by the above-mentioned persons collectively and was hit on the head multiple times with iron rods. I fell to the ground and my head started bleeding, and some of them kicked me and hit me with the rod on my hand and rest of the body including my head, chest and back."

"I am attaching with this complaint a copy of the MLC which details my injuries. Nikhil Mathew tried to save me but was also hit with an iron hammer and other weapons on his head and arms. The intention of the group of men and their acts was definitely to murder me and other persons associated with me," she said.

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News Network
March 28,2020

New Delhi, Mar 28: The total number of coronavirus positive cases in the country has risen to 918 that include foreign nationals, the Ministry of Health and Family Welfare said on Saturday.

The ministry said: "The total positive cases of coronavirus are 918. The active COVID-19 cases are 819. Cured and discharged are 79. While 19 deaths have occurred so far. One person with COVID-19 migrated. As many as 15,24,266 passengers were screened at airports."

Prime Minister Narendra Modi on Tuesday announced a 21-day lockdown in the entire country to deal with the spread of coronavirus, saying that "social distancing" is the only option to deal with the disease, which spreads rapidly.

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