SpiceJet to raise fares after Jet, Kingfisher

SpiceJet to raise fares after Jet, Kingfisher
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First Published: Mon, Apr 20 2009. 11 35 AM IST
Updated: Mon, Apr 20 2009. 11 35 AM IST
Mumbai: Low-cost carrier SpiceJet Ltd will raise fuel surcharge on air tickets by up to Rs300 after similar moves by Jet Airways and Kingfisher Airlines, after last week’s rise in jet fuel prices.
“We are also looking at increasing the fuel charge by Rs200 to Rs300 in the next few days,” SpiceJet said in an e-mail to Reuters on Monday.
Jet and Kingfisher had raised fuel surcharge by the same amount, effective 19 April.
The surcharge, levied for travel on domestic sectors, was increased by Rs200 for routes below 750 kilometres and by Rs300 for sectors above that.
However, state-run Air India has no “immediate plans” to raise fuel surcharge, its spokesman said.
The higher fares come after India’s state-run oil marketing firms raised the price of aviation turbine fuel (ATF) for domestic carriers by 6.7% on 16 April.
They had earlier raised fuel prices by 10% on 1 April.
ATF prices account for over 40% of an airline’s operating cost.
At 10:57am, SpiceJet shares were up 4.22% at Rs19. Jet Airways was up 5.72% at Rs211.75 and Kingfisher by 7.37% at Rs38.60.
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First Published: Mon, Apr 20 2009. 11 35 AM IST
More Topics: Kingfisher | Price | Jet | SpiceJet | Airfares |