Jet, Kingfisher hike fares, Air India to followApril 2nd, 2008 - 6:08 pm ICT by admin
New Delhi, April 2 (IANS) Leading private carriers Jet Airways and Kingfisher Airlines have decided to increase their domestic air fares and Air India too is expected to follow the suit, thanks to an increase in aviation fuel prices, airline sources said Wednesday. The state-run oil companies Tuesday hiked the prices of aviation fuel - also called air turbine fuel (ATF) - by 13 percent in various cities following the rise in prices in the international market.
Soon after the announcement, Kingfisher hiked its ATF surcharge for long haul by Rs.350 and for short haul by Rs.150 with immediate effect, while Jet Airways would follow suit from April 7.
Air India officials met Wednesday to discuss the fallout of the aviation fuel price hike. “We haven’t decided on raising air fares as of now,” said an official.
Low-cost airlines are working out their new fares following the fuel price hike. These airlines, according to the sources, are adopting differential fuel surcharges on short haul and long haul passengers, ranging between Rs.100 and Rs.400.
The current ATF charge for long haul flights is Rs.1,650 per passenger.
According to airline operators, the ATF prices comprise over 40 percent of the total operational cost of any airline. The ATF price in India is considered to be one of the highest in the world, they said.
- Oil firms increase jet fuel price by 3.70 percent - Nov 30, 2011
- Oil firms cut jet fuel prices by 1.38 percent (Lead) - Dec 15, 2011
- Air India yet to decide on direct ATF import: Ajit Singh - Aug 28, 2012
- Air India to import jet fuel directly - Jun 07, 2012
- Government rolls out plan to help domestic airlines (Roundup) - Feb 07, 2012
- SpiceJet raises fuel surcharge by Rs.400 - Jun 18, 2009
- SpiceJet allowed to directly import ATF - Apr 18, 2012
- High taxes reason behind rising jet fuel: Ravi - Nov 30, 2011
- Jet, Kingfisher increase fares by Rs.400 (Lead) - Jun 17, 2009
- Jet Airways hikes domestic fares by Rs.400 - Jun 17, 2009
- Jet, Kingfisher domestic fares up Rs.200 - Nov 06, 2009
- Domestic airlines' 2011-12 losses around Rs.10,000 crore - May 03, 2012
- Jet fuel price hiked by 3.2 percent - Aug 16, 2012
- Kingfisher Airlines hikes fares - Apr 18, 2009
- Jet fuel price cut by Rs.622 a kilolitre - Dec 31, 2011
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