India’s major airlines on ‘verge of closing down’ as high fuel costs sting
India's major airlines are facing severe financial strain due to high aviation fuel costs, pushing them to the brink of closure. The situation has prompted urgent calls for government intervention to prevent a collapse in the sector. Airlines are struggling to maintain operations as fuel expenses continue to rise.
- ▪India's major airlines are on the verge of shutting down because of soaring aviation fuel prices.
- ▪The high cost of fuel is significantly impacting airline profitability and operational sustainability.
- ▪Industry leaders are urging the government to take immediate action to support the aviation sector.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at South China Morning Post.