Air fares to rise next month as ATF prices touch all-time high

September 3, 2013

Air_faresNew Delhi, Sep 3: Get set for skyhigh air fares from next month when the peak travel period kicks off with the festive season. Oil companies have hiked aviation turbine fuel (ATF) prices by 7%, taking the prices of jet fuel — which is the single largest component of an airline's operating cost — to an all-time high. Now ATF per kilo-litre costs Rs 75,031 in Delhi; Rs 77,632.4 in Mumbai and is the steepest in Kolkata at Rs 85,645.1.

"The July-September period is the leanest travel season of the year and at the moment, airlines are selling tickets at low fares to fill up planes. So hiking fares now may not be possible. Spot fares in the October-mid January season will be high. Expect a 25%-50% hike in spot fares in that period," said an airline official.

The only way to escape high fares in that period will be to book as early as possible. "Advance domestic fares are very reasonable as airlines want to fill planes and also generate some much-needed cash. People should book now," said Anil Kalsi, a leading Delhi-based travel agent.

ATF, whose price is high due to mix of high base price by oil companies and exorbitant sales tax rates by states, accounts for over half of an airline's operating cost. Oil PSUs revise jet fuel prices in the beginning of every month, depending on price of international crude and rupee's exchange rate with the dollar. The latest hike has now brought ATF at record high, surpassing the previous high set last September. A year back, ATF cost was Rs 73,710.0 in Delhi — which was the highest ever then and in exactly a year a new record level has been reached. The aviation ministry has called a meeting of state aviation ministers next week and the issue of reducing sales tax will be discussed there, with more focus on Delhi and Mumbai to lower their taxes on ATF.

Airline sources point out that ATF prices have risen 22% from July to September. The overall cost of operations has gone up by 20% due to jet fuel prices and rupee devaluation. "While costs are up 20%, fares are lower by 30%. In early July, spot fares of Delhi-Mumbai and Delhi-Bangalore were about Rs 9,000 and Rs 9,800 respectively. The current spot fares for these two routes are Rs 6,000 and Rs 6,500. This is recipe for disaster," said an airline official.

Domestic airlines have long complained of facing an extremely cost-hostile environment in India. The Centre for Asia Pacific Aviation (CAPA) estimates that airlines here have collectively lost Rs 53,650 crore from 2007 to 2013 and their debt on March 31, 2013, was close to Rs 1 lakh crore. "(While costs are significantly up), yields or fares are down by 30%. The industry has completely lost pricing focus....

Industry risk is at peak and I don't rule out any industry rationalization (hinting at another airline's closure) out of this crisis," CAPA India chief Kapil Kaul said.

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News Network
July 18,2020

Golaghat, Jul 18: A total of 96 animals have died in the Kaziranga National Park in Golaghat district of Assam due to floods, the state government informed on Saturday.

"So far, 96 animals have died in the park including eight rhinos, seven wild boars, two swamp deers, 74 hog deer and two porcupines," park officials said.

A report from the government of Assam stated that a total of 132 animals had been rescued from the Kaziranga National Park. The park is currently 85 per cent submerged under floodwaters.

"Water level at Pasighar and Dibrugarh are below the prescribed danger level. The floodwater in Numaligarh, Dhansirimukh and Tezpur are still above danger level," the report stated.

At least 76 people have died and nearly 54 lakh people have been affected in 30 districts of Assam due to floods caused by the monsoon rains and the rise in water levels of the Brahmaputra river, informed the Assam State Disaster Management Authority (ASDMA) on Friday.

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News Network
April 10,2020

Kochi, Apr 10: Kerala government is winning accolades for saving the life of eight foreigners including a very serious UK citizen who had been undergoing critical care for COVID-19 at a hospital here.

All the persons have been completely cured with the declaration of the test result of four persons. The persons, Roberto Tonozo (57) of Italy, Lanson (76) of UK, Elizabeth Lance (76), Brial Neil (57), Janet Layi (83), Steeven Hankok (61), Annie Wilson (61) and Jan Jackson (63) were completely cured and preparing to go for their countries, an official statement said on Thursday.

The last four persons who were cured expressed their desire to undergo treatment at a private hospital here.

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News Network
April 7,2020

New Delhi, April 7: The government continued to take steps to contain the spread of coronavirus including a strategy of cluster containment as the cases continued to rise and Tuesday saw single-day largest jump of 722 positive cases.

The total number of positive cases reached 4,789 on Tuesday, the 14th day of lockdown.

According to the latest update of the Health Ministry, there are 4,312 active cases, 352 persons have been cured or discharged (one migrated) and 124 have died.

Maharashtra has the largest number of positive cases at 868 and also accounts for the largest number of deaths at 48. Tamil Nadu has 621 confirmed cases.

Thirteen persons have died in Madhya Pradesh and the same number in Gujarat.
The 21-day lockdown was announced on March 24 by Prime Minister Narendra Modi.

At the regular media briefing at 4 pm, Lav Aggarwal, Joint Secretary in the Health Ministry, said that the government is adopting a strategy for cluster containment.

"This strategy is producing positive results, especially in Agra, Gautam Buddh Nagar, Pathanamthitta, Bhilwara and East Delhi," he said.

Aggarwal said that a recent study by the Indian Council of Medical Research (ICMR) has shown that a person infected with coronavirus can infect 406 others in just 30 days if he does not follow the lockdown and social distancing norms.

He said no decision has been taken on extending the lockdown and urged against any speculation.

He said latest technology was being used for management of COVID-19 and there was real-time tracking of ambulances.

The official said the dedicated facilities for COVID-19 are divided into three parts -- COVID Care Centre, Dedicated COVID Health Centre and Dedicated COVID Hospitals.

He said that COVID Care Centres were for treating mild, very mild and likely to be COVID-19 patients. Hostels, hotels, school, and stadium can be used for this. "We have asked states to map it with COVID Care Hospitals and COVID Health Centre so that patients can be shifted if needed," he said.

The official said that COVID Health Centres were for treating COVID-19 patients of clinically moderate level of seriousness. "For this, fully functional hospitals will be used. A dedicated block of a fully functional hospital can also be used for this. The hospitals must have beds with oxygen support," he said.

Aggarwal said that dedicated COVID Hospitals were meant for severe and critical cases and these must be fully-equipped with ICUs and ventilators.
New coronavirus cases were reported on Tuesday from several states including Maharashtra, Madhya Pradesh, West Bengal, and Tamil Nadu.

The Ministry of Environment, Forest and Climate Change has issued an advisory about containing coronavirus in national parks, sanctuaries and tiger reserves in view of the spread of COVID-19 and a report about tiger being infected in New York. The Central Zoo Authority has also advised zoos in India to remain on high alert.

Here's a quick read on the COVID-19 related updates

1. The Indian Railways has prepared 40,000 isolation beds in 2,500 coaches and this work is ongoing in 133 locations across the country.

2. Madhya Pradesh Chief Minister Shivraj Singh Chouhan said he was willing to extend the lockdown in the state after the completion of 21-day period to save lives.

3. The government is monitoring the movement of pharmaceuticals closely and the movement of pharmaceuticals through trucks has stabilised in the country.

4. Under the 'Lifeline Udan' initiative, 152 flights have transported over 200 tonnes of cargo till April 6.

5. According to ICMR, testing of 1,07,006 people has been carried out till date and 136 government labs and 59 private labs are conducting tests in the country.

6. The Home Ministry said that the status of essential goods and services was by and large satisfactory in the country. Home Minister Amit Shah has issued directives to the states to ensure there is no hoarding or black marketing in any corner of the country.

7. The number of corona positive cases in Uttar Pradesh has reached 314. Of these, 168 patients are connected to Tablighi Jamaat, state Chief Minister Yogi Adityanath said on Tuesday.

8. The government has lifted restrictions on export of 24 pharmaceutical ingredients and medicines made from them.

9. Union Defence Minister Rajnath Singh said the Group of Ministers had "an extensive discussion on the prevailing situation post the lockdown" in the country. They also appreciated the Cabinet's decision to cut MP's salary for a year.

10. Central Zoo Authority has advised zoos in the country to remain on highest alertness, watch animals on 24X7 basis, using CCTV for any abnormal behavior or symptoms.

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