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Indian Airlines Warn of Industry Collapse, Seek Fuel Cost Caps
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Business·29.04.2026Resumen IA

Indian Airlines Warn of Industry Collapse, Seek Fuel Cost Caps

India's airline industry faces existential threat according to Federation of Indian Airlines, which represents IndiGo, Air India and SpiceJet. The carriers have formally requested the Civil Aviation Ministry restore pandemic-era cost caps on aviation turbine fuel and reduce or defer taxes. Speculation is growing that Prime Minister Narendra Modi's administration will raise fuel prices after state election voting concludes on Wednesday, though the government denied plans to raise petrol prices while declining to comment on jet fuel.

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SCMP Economy