SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

ATF price fall to benefit airlines under pressure: Scindia

16 Aug 2022 Evaluate

Civil Aviation Minister Jyotiraditya Scindia has said the dip in the air turbine fuel (ATF) price and the continuation of this trend will benefit the aviation sector. He said the fall in the ATF rates will have a good impact on airlines under pressure.

Notably, ATF prices have been coming down during the last few weeks after jumping to record levels, primarily due to the Russia-Ukraine war that began on February 24. On August 1, the price of ATF in Delhi was Rs 1.21 lakh per kilo-litre, which was around 14 per cent lower than last month. Scindia also said when the ATF price shot up three-fold the airfare was raised by just 20-25 per cent. He said ‘I have removed the fare band from August 30’.

The Union Aviation Ministry had earlier said that limits imposed on domestic airfares will be removed from August 31, after approximately 27 months. The ministry had imposed lower and upper limits on domestic airfares based on flight durations when services were resumed on May 25, 2020, after a two-month lockdown due to the COVID-19 pandemic.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: