New Delhi, May 3 -- If the crude oil prices stay elevated, losses will become harder to absorb as Indian aviation is more sensitive, stated Sparta Commodities Senior Oil Analyst Abhishek Kumar.

In an exclusive conversation with ANI, he said, "If the fuel shock stays elevated, the risk is that losses become harder to absorb, flights are cancelled, and government intervention may be needed to protect connectivity and prevent deeper stress across the sector."

Kumar explained that India's aviation sector is particularly vulnerable because aviation turbine fuel (ATF) already forms a large part of operating costs and the market is highly price-sensitive. Airlines may increase fares on some routes, but they cannot fully pass on higher fuel cos...