In the latest blow to air travellers, Indian carriers have hiked fares for advance purchase, making tickets booked even three months ahead up to 56% costlier over last month.
Roiled by recent fuel price hikes, the rupee's sharp fall against the US dollar and lower margins from previous rock-bottom fares, carriers such as Jet Airways, IndiGo, SpiceJet and GoAir have continuously been raising fares in September. The first hike was an average 25%; it was followed by another 15% rise. While drastic increases are usually implemented for spot or instant fares, travel company executives said the rise in advance purchase tickets was worrisome.
16/09/13 Anirban Chowdhury/Economic Times
To Read the News in full at Source, Click the Headline
Roiled by recent fuel price hikes, the rupee's sharp fall against the US dollar and lower margins from previous rock-bottom fares, carriers such as Jet Airways, IndiGo, SpiceJet and GoAir have continuously been raising fares in September. The first hike was an average 25%; it was followed by another 15% rise. While drastic increases are usually implemented for spot or instant fares, travel company executives said the rise in advance purchase tickets was worrisome.
16/09/13 Anirban Chowdhury/Economic Times
