Air fares to be raised from Friday

New fares for Jet Airways, Air India and Kingfisher would be effective from Friday, say sources.

Air travellers will have to pay more from Friday as major airlines on Thursday announced an increase of up to Rs 3,000 in their base fares for domestic sectors.

Sources in the aviation industry said the new fares for Jet Airways, Air India and Kingfisher would come into effect from Friday.

The low-cost carriers have also announced an increase in their base fares, ranging from Rs 300 to Rs 500, they added.

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According to sources, the fares for journey upto 750 kilometres are increased by Rs 1,000, while travelling more than 750 kilometre but less than 1,000 kilometres will cost Rs 2,250 more. Flying beyond 1,000 kilometres is dearer by Rs 3,000.

The new charges are being added to the base fare and they do not include taxes like fuel and congestion surcharges as levied by various airlines.

The announcement comes at a time when airlines in the country have suffered a staggering loss of Rs 4,000 crore in 2007-08. The projected loss during the present fiscal is expected to be double than that in 2007-08.

The airlines earlier in June had announced an increase of Rs 300 to Rs 550 in fares following an increase in the price of Aviation Turbine Fuel (ATF).

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