Jet, Kingfisher, Deccan hike fares

Jet, Kingfisher, Deccan hike fares as fuel prices go upMumbai: Jet Airways, Kingfisher Airlines and Deccan announced a hike in fares on Thursday, the same day as the oil companies increased the price of aviation turbine fuel.
While Jet increased its domestic economy class fares by 10 per cent, the business class fares were increased by five per cent. Kingfisher and Deccan on the other hand increased only the basic fare by 10 per cent in both classes. The decisions were announced late Thursday evening. The hikes will be effective from August 1, 2008.
IOC increased the average price of ATF by 2.8 per cent on Thursday also to be effective from Friday.
According to a spokesperson of Jet, “The hike in fares and ATF prices (on Thursday) is unrelated and it is purely due to commercial reasons.”
International Air Transport Association (IATA) estimates the impact of the average fuel price ($ 141.9 per barrel) for 2008 on the fuel bill of the global airline industry will be $91 billion.
01/08/08 Business Line/Sify

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Categories: Deccan Aug 2008, Jet Airways Aug 2008, Kingfisher Aug 2008