Large chunk of an airline's cost is in dollars: Akasa Air CEO

Akasa Air CEO Vinay Dube said a very large chunk or about 70% of an airline's costs like fuel, leasing and maintenance is in US dollars. As a result, "it's not unfair" for airlines to look at the relative price of a ticket in dollars, Dube added. In India, airline fares cost about $50 for a 1,000-km journey, he stated.