Mar 30, 2013, 11.00 AM | Source: PTI
Domestic air travel is going to be costlier again with both state-run Air India and private carrier Jet Airways hiking fuel surcharge on flight tickets by up to Rs 150.
"Both Jet Airways and Air India have revised their fuel surcharge on domestic network by up to Rs 150," an industry source said.
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The increase has been effected from the second fortnight of this month, sources said, adding that the fuel surcharge has been revised upwards by Rs 150 for travel above 1,000 km and Rs 100 for travel up to 1,000 km.
No-frill carrier IndiGo may take a call shortly on the issue, airline sources said. So far the airline has desisted from revising fuel surcharge but it is expected to take a call on the issue in the next couple of days, they said.
The other no-frill carriers - GoAir and SpiceJet , did not respond to text messages asking whether they were also mulling to hike their fuel surcharge. The hike in surcharge came ahead of the peak summer season when air ticket prices soar in any case due to high demand.
Fuel surcharge, which came in to force since the global meltdown in 2008, help airlines offset part of their operations costs in which fuel bills contribute the most - almost 40 percent.
Jet Airways stock price
On April 29, 2016, Jet Airways closed at Rs 619.95, down Rs 9.25, or 1.47 percent. The 52-week high of the share was Rs 783.30 and the 52-week low was Rs 248.50.
The latest book value of the company is Rs -387.83 per share. At current value, the price-to-book value of the company was -1.60.
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