Air India, SpiceJet hike airfares

June 19th, 2008 - 10:38 pm ICT by IANS  


Mumbai, June 19 (IANS) State-owned Air India and budget airline SpiceJet have announced a hike in fares by at least Rs.300 per ticket, effective Thursday midnight, following a revision in the cost of aviation turbine fuel (ATF). Air India decided to hike the minimum fares to Rs.1,000 for routes up to 750 km late Thursday evening. For distances between 750-1,000 km, the hike will be Rs.2,250, and for over 1,000 km the rise will be Rs.1,000.

New Delhi-based SpiceJet will also increase the fuel surcharge by Rs.300 on routes up to 750 km and Rs.550 on routes beyond 750 km, confirmed the airline spokesperson.

Earlier this month, Air India, Jet Airways, Kingfisher Airlines and Deccan hiked the fuel surcharge by Rs.300-550, whereas SpiceJet increased the base fares.

After a revision earlier this month, ATF in Mumbai costs Rs.71,759.06 per kilolitre, up from Rs.60,468.28, According to Indian Oil Corporation Limited (IOCL) figures. In New Delhi, ATF costs Rs.69,227.08 against Rs.58,387.92.

With spiralling global oil prices, the airlines have hiked fuel surcharge six times during the past six months, passing on the additional burden to the passenger.

Related Stories

Tags: , , , , , , , , , , , , , , , , , , ,

Posted in Business |

Subscribe