Fuel Cost

Spicejet Q2 net loss at Rs 389.37 cr as high fuel cost, rupee fall take toll

SpiceJet had posted a net profit of Rs 105.27 crore in the same quarter last fiscal

Air India Express' net profit slips 11% to Rs 262 cr in FY18 on high fuel cost; sluggish growth in Gulf economies

This is the third consecutive profitable year for the Air India Express

Narendra Modi warns of high crude oil prices hurting global economic growth; seeks review of payment terms

Prime Minister Narendra Modi on Monday warned oil producers like Saudi Arabia that high crude prices are hurting the global economy and sought a review of payment terms to provide a temporary relief to the local currency.

Oil price spike: Narendra Modi pitches for partnership between producers, consumers to reduce energy cost

Narendra Modi highlighted that the consuming countries, due to rising crude oil prices, face many other economic challenges including serious resource crunch. The cooperation of the oil producing countries would be very critical to bridge this gap.

Cash-strapped Jet Airways gets liquidity support of $300 mn as advance lease incentives, debt from domestic banks

Jet Airways had reported a whopping Rs 1,323 crore of net losses for June quarter due to higher fuel cost, falling rupee and low fares.