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Aviation turbine fuel News
Aviation turbine fuel
Petrol price hiked 47 paise, diesel 93 paise; ATF rates up by 16.3 pct
Tue, Jun 16, 2020
Jet fuel or ATF price on Tuesday was hiked by 16.3 per cent while petrol price was increased by 47 paise per litre and that of diesel by a record 93 paise on the back of firming international oil rates
Aviation turbine fuel to come under GST soon? What we know so far
Sun, Mar 15, 2020
Hardeep Singh Puri, Minister (I/C), Civil Aviation, has said that we need to bring aviation turbine fuel under GST.
Suresh Prabhu bats for bringing ATF under GST
Sun, Apr 07, 2019
Airlines could expect an annual relief of up to Rs 5,000 crore by way of input tax credit if ATF is brought under GST.
Flying on Jet Airways? Know this before booking ticket
Mon, Oct 15, 2018
Crunched for cash, Jet Airways has begun belt-tightening exercise with sources claiming that the full service carrier (FSC) has been cutting capacity and flights to curtail cash burn to keep afloat.
Good news for aviation companies! ATF price cut by 2.7% on falling global rates
Mon, Jul 02, 2018
The reduction comes on back of two successive monthly hikes, the last being a steep 7 per cent on June 1 that took rates to four-year high of Rs 70,028 per kl in Delhi. ATF price was on May 1 was raised by Rs 3,890 per kl (6.3 per cent) to Rs 61,450 per kl.
Setback for flyers, air fares jump 17% even as summer vacations loom
Sat, May 19, 2018
It has been revealed that, air fares have surged by 17% in the first 15 days of May.
Loan write-offs decline to 13% of gross NPAs in FY17: RBI data
Wed, Apr 04, 2018
Mounting NPA has become a big problem for the banking sector. Lenders use write-offs as one of the tools to bring down bad debt on their books by making 100 per cent provision. Loans written off as percentage of gross NPA was 21 per cent in March 2006, which rose to 25 per cent in March 2011 and has since then declined to 18 per cent in March 2015
LPG prices hiked by Rs 5 per cylinder; Jet fuel also up over 2%
Wed, Nov 01, 2017
Every month, the state-owned oil firms revise the prices of cooking gas and aviation turbine fuel in metro cities like Delhi, Kolkata, Mumbai and Chennai.
Range-bound passenger traffic, increasing ATF prices may spell trouble for aviation industry, says ICRA
Mon, Oct 23, 2017
Analysts predict headwinds for the aviation sector with very minute growth in domestic air passenger traffic and increasing aviation turbine fuel (ATF).
Air tickets to get expensive as jet fuel price hiked by 6%; LPG prices up by Rs 1.50
Sun, Oct 01, 2017
Aviation turbine fuel (ATF) will now cost Rs 3,025 per kl more than Rs 50,020 previously in Delhi. This the third consecutive monthly hike in ATF price, the last being by 4% (Rs 1,910 per kl) on September 1.
Airlines in trouble as Indian Oil raises jet fuel prices by 4%
Fri, Sep 01, 2017
Indian oil has hiked aviation turbine fuel prices between 3% - 4% for both domestic and international airlines in four metro cities namely New Delhi, Mumbai, Kolkata and Chennai.
Strong INR, lower crude prices, better fares to aid Q1FY18 profitability of airlines
Tue, Jul 11, 2017
Three private listed companies; Jet Airways, SpiceJet and Indigo are expected to better earnings, margins and ASK growth in Q1FY18.
GST structure for airlines: What's in store for economy, business class and lease rentals
Tue, Jul 04, 2017
GST tax slabs have turn out to lower in economic class tickets, while higher in business class tickets. However, analysts feels migration to GST would be largely neutral for airline sectors.
Natural gas may be included in GST, to benefit ONGC
Tue, Jun 27, 2017
Currently, crude oil, petrol, diesel, jet fuel or aviation turbine fuel (ATF) and natural gas are not included in the new indirect tax structure, which is set to kick in from July 1.
Airliners last quarter results show that your flight ticket prices may rise
Tue, Jun 06, 2017
With the GST coming in, volatility in crude prices ahead, low cost carries take on fare prices will be key thing to watch. Q4FY17 was mostly negative for Jet Airways, SpiceJet and Indigo on the back of low fares, ATF prices and demonetisation.
Spicejet net profit falls over 50% as demonetisation causes yields to drop
Sat, Jun 03, 2017
Spicejet Ltd reported an over 50% drop in its standalone net profit for the quarter ended March 31, 2017 on June 3, 2017. The company said that its net profit for the given quarter stood at Rs 41.6 crore as against Rs 107.87 crore in the same period of last year.
SpiceJet Q4 review: How will low fares, higher fuel cost and demonetisation impact?
Sat, Jun 03, 2017
SpiceJet is set to announce its results for the fourth quarter ended March 31, 2017. Profitability of domestic airlines have suffered the brunt of low fares, high Aviation Turbine Fuel and demonetisation.
Oil price may once again fall below $45 per barrel: How does it bode for India?
Fri, May 12, 2017
OPEC and other major producers had been enjoying higher prices since agreeing in November to slash production, a strategy designed to rid global markets of excess supply. But now the strategy appears to be not working.
Airline stocks fly as global oil prices soften
Tue, May 09, 2017
Lower crude oil prices comes as an opportunity for aviation firms, as they expect reduction in jet fuel prices which accounts for nearly 50% of airlines' operating cost. There are directly linked with international crude prices.
Q4FY17 review: Low fares, higher fuel cost to impact profitability of airlines
Wed, Apr 12, 2017
Ansuman Deb, Research Analysts of ICICI Securities said, “Q4FY17 is likely to be the bottom for airline margins as cost tailwinds come back from Q1FY18. As such, valuations will not depend on this quarterly performance. Yet, Q4FY17 will provide insights to how airlines fare in a relatively adverse scenario in their ability to pass on higher costs. ”