MUMBAI
Aviation turbine fuel (ATF), or jet fuel prices, have fallen by over 6% since January and by about 4% since April 1, which could lead to airlines posting narrower losses for the fourth quarter of FY14.
ATF, which comprises about 50% of airline expenditure, was priced at R74,105.16 per kiloliter in Mumbai on April 1 compared to R78, 783.84 a kiloliter on January 1. The fall in the ATF prices has been complemented by the strengthening of rupee against the dollar in the last couple of months. The rupee, which closed at R60.08 on Friday, has gained as much as 2.59% against the dollar since January 1.
Full report here Financial Express
