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Air India announces hike in fares as ATF prices go up

Air India announces hike in fares as ATF prices go up
PTI
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First Published: Sun, Jun 01 2008. 11 30 PM IST

Cost pressure: Air India planes at the Chattrapati Shivaji International Airport in Mumbai. The airline’s fares would go up by Rs300 on all flights up to 750km and Rs550 beyond that.
Cost pressure: Air India planes at the Chattrapati Shivaji International Airport in Mumbai. The airline’s fares would go up by Rs300 on all flights up to 750km and Rs550 beyond that.
Updated: Sun, Jun 01 2008. 11 30 PM IST
New Delhi: Travel by Air India would cost Rs300-550 more from 3 June following a hike in fuel surcharge by the airline. The hike was announced on Sunday in the wake of oil companies raising aviation turbine fuel, or ATF, prices by 18%.
Cost pressure: Air India planes at the Chattrapati Shivaji International Airport in Mumbai. The airline’s fares would go up by Rs300 on all flights up to 750km and Rs550 beyond that.
The fares would go up by Rs300 on all flights up to 750km and Rs550 after that, Air India officials said, adding that with the present hike, the fuel surcharge on short-haul flights would go up to Rs2,250 and on long-haul flights it would be Rs2,900.
“In view of the substantial increase announced by the oil companies in the ATF prices, a hike in the fuel surcharge was inevitable,” an Air India spokesperson said.
Other airlines are also expected to soon announce a fare hike as ATF in Mumbai has gone up to Rs71,759.06 per kilolitre from Rs60,468.28. The prices of ATF in New Delhi are pegged at Rs69,227.08 against Rs58,387.92.
A Jet Airways (India) Ltd spokesperson said the company was studying the impact of the present rise in ATF prices and would come up with revised fuel surcharge soon.
Other airlines, including Kingfisher Airlines Ltd, SpiceJet Ltd and Indigo run by InterGlobe Aviation Pvt. Ltd, were also expected to take a view on ATF hike shortly. All these airlines had raised their fares in May.
State-run oil firms — Indian Oil Corp. Ltd, Bharat Petroleum Corp. Ltd and Hindustan Petroleum Corp. —on Saturday raised ATF prices in step with rising international oil prices.
This is the fourth straight hike in ATF prices since February 2007.
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First Published: Sun, Jun 01 2008. 11 30 PM IST