The rise in crude oil prices in the international market and the rising cost of aviation fuel (ATF) have broken the back of airlines. The country’s flagship airline Air India has decided to cut the number of its flights to several major global destinations to control operating costs. This decision has come as a big blow to those travelers who had already planned for summer holidays or business trips.
Which routes will be affected the most?
According to the report, Air India has especially focused on long-haul routes where fuel consumption is highest. These include:
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US and Canada: The frequency of flights to cities like San Francisco, Chicago and Toronto has been reduced.
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Europe: Some weekly flights are also being canceled or merged on busy routes such as London, Paris and Frankfurt.
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Australia: There is also a possibility of change in the schedule of flights going to Sydney and Melbourne.
‘Double’ shock of fuel prices
The aviation sector is already grappling with supply chain problems, and now rising fuel prices have deepened the crisis.
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Increase in Operating Costs: Aviation fuel accounts for about 40% of the total expenses of any airline. Due to rising prices of crude oil, flying on these routes was proving to be a loss-making deal for Air India.
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Hike in ticket rates: Due to reduction in the number of flights, there will be a reduction in the available seats (Inventory), which will have a direct impact on the ticket prices. International travel may become quite expensive in the coming days.
What does Air India have to say to the passengers?
Air India has assured that passengers whose flights have been affected will either be accommodated on alternative flights or can claim a full refund. The company has advised passengers to check the status of their flight on its website or mobile app before going to the airport.
expert opinion
Aviation experts believe that this is not only Air India’s problem, but airlines around the world are under similar pressure. If crude oil prices continue to rise like this, other airlines may also cut their flights. This move by Air India is part of a strategy to reduce losses and stabilize its financial position.
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