Air fares may be hiked during festival season

Air fares may be hiked during festival season


New Delhi: Air travel may get a tad more expensive during the coming festive season with at least one major carrier thinking of raising fares, but the hike is expected to be only in single digit in percentage terms.

“We are looking at raising the fares during the festive season. No concrete decision has been taken yet. But the increase will not be very high because of competition. It will not be in double-digit," Jet Airways CEO Wolfgang Prock-Schauer told reporters.

He said Jet Airways would be raising up to $800 million from the market in the next two years.

“The airline hopes to come out of the red by the fiscal ending March 2010. We will break even or post profits by March 2010," he said.

On Jet’s participation in MRO facility, he said: “We are still evaluating the option, I cannot confirm this now."

When asked about its plans to start a dedicated cargo airline, he stated: “Right now, we are focused on executing our international and domestic expansion programmes."

“In the next two months, we will get two Airbus A-330s wide-body aircraft. We will launch flights to Saudi Arabia and add more flights to Dubai and Hong Kong," he said.