As ATF cools, Kingfisher cuts fares across board

Mumbai: Late on Monday evening, Kingfisher Airlines Ltd said it will cut fares immediately across the board and will also ensure there are no job losses.
Earlier in the day, state-run Air India said it would consider reducing its fuel surcharge to pass on the benefits of a recent decline in jet fuel prices, a senior official said. “We will take a call as to what kind of relief or reduction in fuel surcharge we can give, keeping in mind the recent decline in ATF (aviation turbine fuel) prices,” Jitender Bhargava, executive director, said.
The development follows Union aviation minister Praful Patel’s comments that India’s airlines should cut fares on easing jet fuel prices. Air India said a balance would have to be struck between the gradual drop in ATF prices and its mounting losses suffered so far this fiscal before taking a call.
SpiceJet Ltd will “stimulate” the local market with lower fares in the coming months, director Ajay Singh said.
25/11/08 Reuters, Bloomberg & PTI/Livemint

To Read the News in full at Source, Click the Headline

Categories: Kingfisher Nov 2008