Times of India Wednesday, September 04, 2013 SpiceJet hikes fares by 30%, Jet, AI to follow suit New Delhi: Airlines have started raising air fares by anywhere up to 30% with immediate effect following the massive increase in price of jet fuel, which is now at an all-time high. Low-cost carrier (LCC) SpiceJet raised both spot and advance purchase fares from Tuesday evening by over 25%. Jet Airways said it was planning a hike shortly. As a result of the hike, spot fares of Delhi-Mumbai jumped to almost Rs 10,000 — up from the earlier Rs 6,000-7,000 range. A senior Air India official said the airline will take a call on hiking fares on Wednesday. While other LCCs did not comment, they are also likely to follow suit. Increased advance purchase fares mean there is no escaping higher prices even if one buys tickets early to fly in the coming festive season. "Raising fares in the ongoing lean season does not make sense but we have reached a point when it is no longer possible for airlines to absorb the latest jet fuel price hike. Not passing on the burden to flyers will now mean a certain Kingfisher-like fate for airlines," said an official.
Posted on: Thu, 05 Sep 2013 07:02:36 +0000
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