ise in jet fuel prices, a senior official said."We have raised the fuel surcharge across all sectors by 400 rupees, effective immediately," Samyukta Sridharan, chief commercial officer, told Reuters on Thursday.
The move comes after Jet Airways and Kingfisher Airlines on Wednesday raised fares in domestic sectors by a similar amount as jet fuel prices were increased by more than 12 percent by state-run oil firms a day earlier.
Jet fuel prices account for nearly half of an airline's operating costs. The prices have risen 33 percent since March this year.
State-run Air India is also expected to take a decision on fare increases by evening, a spokesman for the airline said.
At 11:36 a.m., SpiceJet shares were up 5.26 percent at 21.00 rupees. Kingfisher Airlines was up 1.84 percent at 55.40 rupees, while Jet Airways was down 0.21 percent at 238.00 rupees in the Mumbai market.
Source : in.reuters.com/article/topNews/idINIndia-40417420090618
The move comes after Jet Airways and Kingfisher Airlines on Wednesday raised fares in domestic sectors by a similar amount as jet fuel prices were increased by more than 12 percent by state-run oil firms a day earlier.
Jet fuel prices account for nearly half of an airline's operating costs. The prices have risen 33 percent since March this year.
State-run Air India is also expected to take a decision on fare increases by evening, a spokesman for the airline said.
At 11:36 a.m., SpiceJet shares were up 5.26 percent at 21.00 rupees. Kingfisher Airlines was up 1.84 percent at 55.40 rupees, while Jet Airways was down 0.21 percent at 238.00 rupees in the Mumbai market.
Source : in.reuters.com/article/topNews/idINIndia-40417420090618
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