Mumbai: Domestic air fares are set to go up for the third time in 2006 with airlines planning to increase fuel surcharge on tickets.
This is after India’s largest aviation turbine fuel (ATF) producer Indian Oil Corporation announced a 2.4% hike in the jet fuel price to Rs 47,691 a kilolitre on Tuesday. IOC has 90% market share in the domestic ATF business.
ATF prices have risen 31% in the last 12 months to hit an all-time high of Rs 47,691 a kilolitre on Tuesday.
Indian Airlines (IA) chairman & managing director V Trivedi said, “We will shortly increase the fuel surcharge as ATF prices have gone up again.” The existing fuel surcharge on domestic air fares is Rs 500.
SpiceJet director Ajay Singh said, “If everybody hikes fuel surcharge, we will also do so.”
India's first low-cost carrier Air Deccan has similar plans.
01/08/06 Financial Express
To Read the News in full at Source, Click the Headline
Wednesday, August 02, 2006
Home »
» Domestic air fares set to soar
Domestic air fares set to soar
Wednesday, August 02, 2006
Related Posts:
IBS Completes 10 YearsTrivandrum: The IBS Software Services, a leading provider of new-generation IT solutions to the global Travel, Transportation and Logistics (TTL) indu… Read More
Airlines back DGCA in dispute with engineersNew Delhi: Airlines now want to bat for the regulator — Directorate General of Civil Aviation (DGCA) — whose decision to allow pilots to undertake tra… Read More
Air France supplies satellite views of flightsAir France is showing its passengers satellite views of the countries, cities and terrain they are flying over, thanks to a new partnership with the E… Read More
Air France will replicate US model to suit Indian needsParis: A fresh surge of competition from Indian and international carriers has prompted Air France to fine tune its strategy for India and replicate i… Read More
ST Aero training arm eyes Indian marketST Aerospace's new commercial pilot training arm ST Aviation Training Academy is targeting potential pilots in other parts of the world, including Ind… Read More
0 comments:
Post a Comment