Air India Hikes Fuel Surcharge On ATF Rise
Friday, 19 June 2009

State-run Air India said it will raise fuel surcharge on tickets from June 19, following similar moves by other carriers.

"We are increasing the fuel surcharge by 400 rupees effective tomorrow (Friday)," its spokesman told Reuters on Thursday, adding the higher fares were for both long and short haul routes on the domestic sector.

Earlier in the day, low-cost carrier SpiceJet Ltd raised its fuel surcharge on tickets by 400 rupees following a rise 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, said.

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.

At 3:12 p.m., SpiceJet shares were up 5.01 percent at 20.95 rupees. Kingfisher Airlines was down 3.68 percent at 52.4 rupees, while Jet Airways was down 6.92 percent at 222.00 rupees in a weak Mumbai market.

Source: bdnews24.com

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