Fuel cost up: Air fares skyrocket
New Delhi, June 2: Air travel will become more expensive from tomorrow with Air India increasing fuel surcharge by Rs 300-500. Jet Airways, King Fisher and other airlines are expected to follow suit after oil companies raised aviation turbine fuel (ATF) prices by almost 20 per cent recently, airline sources said today.
With ATF cost per hour of flying rising to Rs 2,11,000 from Rs 1,78,000 after the ATF price hike, the airlines want to recover the extra cost of Rs 33,000 per hour through additional surcharge. Air India will increase fuel surcharge from Rs 1,950 to Rs 2,250 on short haul flights (distance less than 750 km), and from Rs 2,350 to Rs 2,900 on long haul flights (distance more than 750 km).
However, some airlines might go in for a three-tier surcharge slab to somewhat insulate the short haul passengers from the fuel hike, sources said.
After the unprecendented ATF price hike on Saturday, airlines are also exploring the option of reducing flight frequency on busy routes in an attempt to cut down cost.