Mumbai: Private air carriers Jet Airways and Kingfisher on Sunday announced reduction in fares following steep fall in Aviation Turbine Fuel (ATF) prices.
While Jet Airways said it was reducing air fare ranging 15-40% from Monday, Kingfisher Airlines said it would effect fare cut across its network from 1 January.
“Jet Airways is reducing basic fares ranging from 15-40% across most of the domestic flights with effect from tomorrow,” a Jet Airways spokesperson said.
The fare cut would be across all domestic sectors, the spokesperson said.
Civil Aviation Minister Praful Patel had repeatedly asked the airlines to pass on the benefit of sharp drop in ATF prices to passengers.
Earlier in the day, Kingfisher Airlines said it would effect a fare cut across its network from 1 January.
“Kingfisher Airlines will begin the New Year on an aggressive note by slashing fares on its network,” Kingfisher Airlines Chairman, Vijaya Mallya, said in a statement here.
He, however, did not specify the quantum by which fares would come down.