Air-India cuts domestic fuel surcharge by Rs 400

The reduction in fuel surcharge is expected to stimulate the domestic air travel market during the winter peak season, the firm said.

“Although crude prices are still volatile, we hope it will stabilize at the current levels, so that there is a short to medium term relief in ATF (aviation turbine fuel) costs,” its chairman, Raghu Menon, said.

ATF makes up nearly half of an airline’s operating costs.