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Jet Airways, Air Sahara hike fares by 10 percent

     Mumbai: In a move to stem the burgeoning bills of Aviation Turbine Fuel (ATF), Jet Airways and Air Sahara announced 10 percent across-the-board hike in their domestic fares in all classes of travel. Jet Airways spokesperson said here on Thursday that the company would increase fares on domestic routes by 10 percent from October 14. Jet Airways operates daily over 275 flights across the country. It also operates daily international flights to London (Heathrow). "The fare hike has been necessitated due to unprecedented hike in fuel prices," he said. Meanwhile, the public sector Indian Airlines' officials have also indicated that they too might follow suit soon. However, the decision has not yet been taken in this regard, the sources said.

     Earlier, talking to reporters Civil Aviation Minister Praful Patel had said that the government was ready to allow all airlines to hike fare due to recent spurt in fuel prices. "We may consider permitting other airlines to hedge in future. The fuel prices are continuously rising", said Patel. The rise in fuel prices which have doubled since 2003 have severely affected the growth in passenger and cargo traffic. According to figures released by the International Air Transport Association (IATA) the overall growth rate in the passenger sector has slowed down to 8.3 percent in the first eight months of the current year. "Due to the rising crude prices, several global carriers have imposed fuel surcharges to offset the rise in fuel bill which adversely affected the traffic," Giovanni Bisignani, IATA Director General and CEO had said in a statement.
-Oct 6,  2005

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