Mar 28, 2013, 08.55 PM IST
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.
Also read: Overweight on India; see good return in 1 year: JP Morgan
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 December 13, 2013, Jet Airways closed at Rs 272.75, down Rs 20.65, or 7.04 percent. The 52-week high of the share was Rs 688.60 and the 52-week low was Rs 270.20.
The latest book value of the company is Rs -27.75 per share. At current value, the price-to-book value of the company was -9.83.
Action in Jet Airways
Video of the day
Dec 13 2013, 10:39
- in MARKET OUTLOOK
Dec 4 2013, 11:08
- in FII View
We notice that this Email ID is already verified against Moneycontrol User ID. Just enter your password and login to Set Alert.
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.