Fly cheaper in Nov-Dec

New Delhi\Mumbai: You could be paying far less for air tickets this November or December, thanks to plummeting oil prices, the key cost in running an airline. Domestic airlines, especially budget carriers, are planning to pass on the reduction in jet fuel prices. Fares could fall 6-8 per cent as a result. Said Ajay Singh, director, SpiceJet: “If fuel prices remain stable, we expect air fares to come down in November or December. Our savings on cost could be 6-7 per cent.” GR Gopinath, Air Deccan’s managing director, said every 10 per cent fall in fuel prices translated into a 4 per cent reduction in costs. Added GoAir Chief Commercial Officer Raj Halve, “We will definitely pass on the benefits to passengers on jet fuel.” Asked about lowering air fares, Jet Airways CEO Wolfgang Prock-Schauer said the airline would take a decision only after the next price revision by oil companies.
22/09/06 Surajeet Das Gupta & P R Sanjai/Business Standard

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