India, like all other countries in the Asia Pacific region, has been impacted by high oil prices, global airlines’ body IATA’s Director General Willie Walsh said on Sunday.
Walsh, an aviation veteran who took over as the IATA DG in April 2021, will soon be helming India’s largest airline, IndiGo.
With the Middle East disruptions, the International Air Transport Association (IATA) expects the average jet fuel prices to be 70 per cent higher year-on-year.
“That will add $100 billion to our collective fuel bill this year,” Walsh said.
In response to a question from PTI at a briefing about the prospects for the Indian