ATF cut again, but still no drop in fares

Airlines may take another few days to decide on slashing air fares even though jet fuel prices have been cut today, the sixth reduction since August this year. Industry sources said a decision is likely only next week. According to industry estimates, the fares are likely to be lower by 10-12 per cent.

Sources said Air India could take the lead in announcing lower fares as it has already started working on it. State-run oil companies today cut ATF prices by Rs 2,480 per kl, effective December 1.