Saroj Datta, former director, Jet Airways believes that rise in crude prices has put immense pressure on airlines industry.
In an interview to CNBC-TV18, Datta said, "Fuel costs now contribute more than 40% which impact margin level to well over 40% of the total operating costs of the airlines. ThatDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
