Fuel price worries continue to dominate matters for airlines in India, Turkey, Indonesia, Brazil and South Africa. Currency exchange rate weakness against the US Dollar continues to prevail despite government interventions with interest rate raises. Airlines in those five countries will now have to rely upon their home governments increasing subsidies, which in turn will put strain on public finances. This cocktail is most worrying for Indian aviation, which is already weak. Indian airlines, currently locked in a low-season price war will seemingly soon be locked into one all year around once the new low-cost airlines begin flying later this

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