Industries
Mumbai - Barely two months after slashing airfares to ridiculously low levels, India's leading air carriers Air India, Jet Airways and Kingfisher Airlines have raised fuel surcharge on tickets by Rs.400, citing increase in jet fuel prices.
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After state-run oil companies decided to hike aviation turbine fuel (ATF or jet fuel) prices by more than 12 percent on June 16, most domestic airlines reacted by raising the fuel surcharge on airfares in a bid to offset losses that might arise from the steep hike in jet fuel prices.
The first air carrier to do so was Jet Airways, which said on June 17, it has raised the fuel surcharge on tickets by Rs.400 across all domestic sectors.
The increase "will be applicable on all flights of Jet Airways, Jet Airways Konnect and JetLite," Jet Airways said in a statement. Jet Airways Konnect and Jetlite are the low-budget arms of the carrier.
For Jet Airways, hike would take fuel surcharge on a ticket below a distance of 750 km to Rs.2450 and beyond that to Rs.3400. For its no-frill subsidiaries Jet Airways Konnect and JetLite, it would be Rs.2150 and Rs.3100 respectively.
The same day, rival Kingfisher Airlines said it has raised the fuel surcharge on its tickets by a similar amount across both long and short haul domestic routes to meet rising operational costs.
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