Why aren't air ticket prices coming down?I always think about this issue. But only today, our Hon'ble Aviation Minister, Mr. Hardeep Singh Puri, has tweeted on this subject. The Hon'ble Aviation Minister has stated that the Aviation Turbine Fuel constitutes about 40% of the cost of airline operations.
The Hon'ble Minister has further stated that some opposition-ruled states like West Bengal, Maharashtra and Delhi impose massive 25%+ VAT on the Aviation Turbine Fuel, while some BJP-ruled states like Uttar Pradesh, Nagaland and the Union Territory of Jammu & Kashmir charge only 1% on this Fuel.
Is this the only reason behind costly air tickets, or are there some other reasons also?
ISC Members may kindly opine.