Monday, November 26, 2007

Airlines typically increase surcharges as and when ATF prices rise

Hedging, the only logical option for airlines to control ATF cost

In Greek mythology, you’d read about King Minos who held Icarus and his father, Daedalus, captive in the Labyrinth, a prison. “The Labyrinth’s original purpose was intended to hold the horrible creature, the Minotaur, a bea st that was a product of one of the King’s mistress’s affairs with a bull,” informs Wikipedia.

To escape from the prison, “Daedalus fashioned a pair of wings for himself and his son, made of feathers and wax…” In the current story of Indian aviation, the Labyrinth may well be the high cost of fuel, even as the industry would like to fly high.

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