Air travel becomes costlier

Image
Press Trust of India New Delhi
Last Updated : Jan 24 2013 | 2:10 AM IST

While Air India introduced the increased fuel surcharge today itself, Jet Airways and its subsidiary JetKonnect would raise it from tomorrow, officials of both airlines said.

Under the new regime, an increase of Rs 150 in the surcharge would be applicable on all sectors less than 1,000 kms and Rs 250 for those beyond that distance. A blanket hike of USD 15 would be effected on all one-way international tickets.

The domestic fuel surcharge for a distance of over 1000 kms so far was Rs 3250, which would now go up to Rs 3500. The surcharge so far was Rs 1600 on a ticket for less than 1000 km distance.

A Jet Airways spokesperson said the hike in fuel surcharge would be effective from tomorrow, while an Air India official said the increase has been effected on all bookings from today.

Officials of no-frill airlines, like IndiGo and SpiceJet, remained tight-lipped about when they would give effect to the hike but were of the opinion that this steep rise in jet fuel prices would hit their financial bottomline.

"We are studying the impact of a steep hike of aviation turbine fuel prices on our operational costs which are high in any case. We are studying the situation and may take a decision soon," one of the airline officials said, requesting anonymity.

The increase in fuel surcharge was neccesitated following the steep rise in the price of aviation turbine fuel by 7.6 per cent last week, the officials said. (more)

  

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 04 2012 | 7:35 PM IST

Next Story