IndiGo Removes Fuel Charge on Tickets: ATF Prices Drop
By Rediff Money Desk, NEWDELHI Jan 04, 2024 11:38
IndiGo has removed the fuel charge on tickets, citing a recent reduction in ATF prices. The airline had introduced the charge in October 2023 due to rising fuel costs.
New Delhi, Jan 4 (PTI) IndiGo on Thursday said it has stopped collecting fuel charge on tickets, nearly three months after introducing the levy in the wake of a surge in jet fuel prices.
The fuel charge, which was introduced by the airline in early October 2023, has been removed with effect from Thursday.
The airline said the fuel charge has been withdrawn due to the recent reduction in ATF (Aviation Turbine Fuel) prices.
"As ATF prices are dynamic, we will continue to adjust our fares and components thereof, to respond to any change in prices or market conditions," IndiGo said in a statement.
Fuel cost accounts for a significant chunk of a carrier's operational costs.
The fuel charge was applicable on the airline's domestic and international routes.
IndiGo said the fuel charge had been introduced in October 2023, following a surge in ATF prices.
The fuel charge, which was introduced by the airline in early October 2023, has been removed with effect from Thursday.
The airline said the fuel charge has been withdrawn due to the recent reduction in ATF (Aviation Turbine Fuel) prices.
"As ATF prices are dynamic, we will continue to adjust our fares and components thereof, to respond to any change in prices or market conditions," IndiGo said in a statement.
Fuel cost accounts for a significant chunk of a carrier's operational costs.
The fuel charge was applicable on the airline's domestic and international routes.
IndiGo said the fuel charge had been introduced in October 2023, following a surge in ATF prices.
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Rhetan TMT
- 15.58 (+ 19.75)
- 28738499
- Spicejet Ltd.
- 72.26 (+ 8.91)
- 25030365
- Rama Steel Tubes
- 16.48 (+ 3.19)
- 19766112
- Srestha Finvest
- 1.74 ( -3.87)
- 19493454
- Vodafone Idea L
- 13.44 ( -0.67)
- 16174695
MORE NEWS
IndiGo Mumbai-Phuket Flight Diverted to Penang...
An IndiGo flight from Mumbai to Phuket was diverted to Penang due to bad weather...
Max Healthcare Acquires 64% Stake in Jaypee...
Max Healthcare Institute to acquire 64% stake in Jaypee Healthcare for Rs 1,660 crore,...
Passenger Vehicle Sales Dip in August: SIAM Data
Passenger vehicle wholesales in India fell by 2% in August due to reduced dispatches by...