The establishment of a ₹10,000 crore (approximately $1.2 billion USD) Aviation Turbine Fuel (ATF) price stabilisation fund by the Indian government has been praised by the International Air Transport Association (IATA) as a vital measure to combat soaring jet fuel costs. Hemant Mistry, IATA's Director of Energy Transition, highlighted the unprecedented rise in jet fuel prices, which increased from $96 per barrel in November to around $156 per barrel currently. He warned that if these high prices persist, airlines may need to reduce flight schedules to manage operational costs. The fund is intended to provide financial support to scheduled Indian airlines for both domestic and international operations, addressing the uncertainties in fuel pricing. IATA, which represents over 370 airlines including major carriers like Air India and IndiGo, emphasized the importance of government support in navigating the industry's challenges. Sheldon Hee, IATA's Regional Vice President for Asia Pacific, reiterated the need for policies that recognize the unique dynamics of domestic airlines and their role in maintaining connectivity across cities.