On Monday, Kingfisher Airlines said that there is no case for decreasing its air fares in the immediate term.
Kingfisher Airlines spokesperson informed, “Once the Government brought aviation turbine fuel (ATF) under the Declared Goods category, it would immediately and significantly reduces fares.”
He further said, “The sharp and immediate spike in ATF prices earlier in the year has left a lasting impact on the bottom lines of the companies, leading to an accumulation of huge outstandings and liabilities with the oil companies and the likes.”