Comment on Jet Fuel prices from Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services
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Comment on Jet Fuel prices from Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"Jet fuel prices have been hiked five times recently, and worse, are expected to go up further due to the sharp spike in crude to above $120. The industry doesn't have any choice other than passing on the higher costs to fliers since fuel costs account for around 30 percent of the operating costs of airlines. This hike is coming at the wrong time when the highly indebted industry is slowly recovering from the stress caused by the pandemic"
