India’s Jet Airways records improved passenger traffic

Market: Oil products
18/06/10

Singapore, 18 June (Argus) — India's Jet Airways recorded a 41pc increase in its domestic passenger numbers and a 37pc increase in international passenger traffic in May, underlining the country's steady economic growth that should support jet fuel demand.

The airline's seat factor, or load factor, for domestic operations rose by 19.5pc from May last year to 82.5pc. International passenger traffic had a seat factor of 80.3pc, against 75.4pc recorded in May 2009.

The strong growth in passenger traffic was attributed to the carrier capitalising on the improvement in global business and leisure travel. The airline's wholly owned subsidiary, JetLite, also saw a rise of 85.3pc in its seat factor during the same period.

But rising jet fuel costs continue to cast a shadow over the sector's profitability, with India's state-owned refiners raising jet fuel prices by almost 2pc in line with international oil prices. This ended a brief respite that domestic airlines enjoyed when prices were cut for the first time in almost four months at the start of June.

Indian refiners revise jet fuel prices on the first and the 16th of every month, based on oil price movements of the previous two weeks.

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EU eases ICE phase-out with 2035 CO2 car target: Update

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Adds details on credits, transport commissioner comment in paragraphs 4-6 Brussels, 16 December (Argus) — The European Commission has proposed a new 90pc cut in car fleet emissions by 2035, replacing the previously agreed 100pc target that would have effectively phased out the sale of internal combustion engine (ICE) vehicles from that date The plan would allow some new ICE vehicles to remain on sale beyond 2035, alongside plug-in hybrids, range extenders and mild hybrids, as well as electric and hydrogen cars. The remaining 10pc of emissions would need to be offset through low-carbon steel, e-fuels or biofuels, according to the commission. The proposals need to be adopted by a majority in the European Parliament and among EU states. Automakers could also "bank and borrow" credits between 2030-32 to help meet the existing 2030 target of a 55pc cut from 2021 levels. Under the new proposals, manufacturers using these flexibilities would only need to achieve a 40pc fleet-average reduction, down from a previously planned 50pc. The commission indicated that credits for greenhouse gas (GHG) savings from e-fuels and biofuels can compensate up to 3pc of manufacturers' reference targets for 2035 and low-carbon steel credits can compensate for a further 7pc. Transport commissioner Apostolos Tzitzikostas said the credit system will boost uptake of sustainable fuels. "This is a clear signal than other technologies than battery electric vehicles (BEV) can be put on the market after 2035," said Tzitzikostas. Expanded carbon-neutral criteria would allow sustainable biofuels to help meet the targets that currently require 0g/km from 2035. EU renewable ethanol group ePure said emissions from ethanol were 79pc lower than fossil fuels in 2024, in line with previous years. The European Biodiesel Board reported savings of 77-81pc for biodiesel, using the official fossil fuel comparator of 94g of CO2e/MJ. German MEP Peter Liese criticised the original ICE ban, but said industry problems stem from market shifts, not from Brussels. "The industry must stop shifting the blame for its own mistakes and for market developments, for example in China, onto Brussels," he said, adding that he will push for green steel recognition before 2035. By Dafydd ab Iago Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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India’s Jet Airways records improved passenger traffic

Related news posts

Mexico central bank cuts target rate to 7pc

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Viewpoint: Bitumen markets eye pockets of demand

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