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'Crude' blow for airlines




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Airlines across the world are jittery over the sharp rise in fuel prices. Domestic carriers have urged the government to bail them out from the current crisis. The Union Civil Aviation Minister Praful Patel is finding ways to give relief to the airlines that have been losing heavily.
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Bankruptcy fear
 We have seen many airlines across the world going bankrupt. It may happen in India also if the Govt does not step in
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$2-billlion loss!
 If the fuel bill mounts, the losses for the big three - Air India, Jet Airways and Kingfisher-Deccan could shock almost everyone
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Suspending flights
 Deccan Aviation, Kingfisher Airlines and SpiceJet may suspend flights on some routes to combat rising costs due to skyrocketing fuel prices
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What airlines must do now
 The Civil Aviation Ministry and the airlines will have to work out intelligent ways to straighten flight paths and ease the congestion at airports
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