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    HomeNewsBusinessCompaniesEgypt turmoil might trigger rise in air fares

    Egypt turmoil might trigger rise in air fares

    A sharp rise in the price of aviation fuel due to the ongoing political turmoil in Egypt is likely to trigger a hike in air fares.

    February 07, 2011 / 14:50 IST

    A sharp rise in the price of aviation fuel due to the ongoing political turmoil in Egypt and fears of a domino effect on other oil-producing countries in the region is likely to trigger a hike in air fares, reports PTI.


    "The recent sharp rise in fuel prices, at a time when load factors remain higher, will put further upward pressure on both fares and yields," an IATA report said.


    Egypt turmoil might trigger rise in air fares. The Middle East political turmoil has pushed the oil prices close to USD 100 a barrel and jet fuel to USD 113 a barrel, considerably higher than the USD 91 per barrel average for 2009.

    Source: Moneycontrol

    first published: Feb 7, 2011 02:47 pm

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