Turning down Civil Aviation Minister Praful Patel’s plea for a fare cut, full service carrier Kingfisher Airlines today said that at present there was no case for reducing air fare.
Other airlines like SpiceJet and IndiGo also said that after the recent round of cuts in fuel surcharge, customers should not expect further benefits in the short term, though there would be some advance purchase packages in January.
“The sharp and continuous rise in aviation turbine fuel prices earlier in the year has left a lasting impact on the bottom lines of the airline companies, leading to an accumulation of huge outstandings and liabilities with oil companies. As such, keeping in mind that the cash flow needs to settle these accumulated liabilities, there is currently no case for reduction in fares,” said an official spokesperson for Kingfisher.