IndiGo joins other airlines, hikes airfares by 25 per cent
Posted on: 08:25 AM IST Sep 07, 2013
New Delhi: Domestic carrier IndiGo on Friday followed its rivals and raised airfares by 25 per cent. IndiGo joins airlines such as SpiceJet, Jet Airways and Air India who recently hiked the fares by 25 per cent citing rise in input costs.
"IndiGo has revised upwards its fares, which are now 25 per cent higher than earlier," a source in the budget carrier said here. When contacted, the Gurgaon-based airline declined to comment on the issue.
There has been a 7 per cent increase in the jet fuel prices. This is due to the falling rupee and rise in international crude prices.
Incidentally, none of the airline has so far issued any official statement on the hike, in sharp contrast to ad blitzkrieg they resort to when they announce special low fares. They have declined to take media queries on the issue. "We are restoring the fares to the normal levels which existed in June," Air India sources said earlier, adding, the decision was a fallout of increase in jet fuel prices.
International oil prices have been trading between USD 105 and USD 115 a barrel since the past few months and the uptrend is influenced by the Syrian crisis. Jet fuel prices were hiked by a steep 6.9 per cent, taking the rate to Rs 75,031 per kilolitre, from September 1.
This came on the back of two rounds of ATF price hikes effected in July and August by oil marketing companies. ATF prices were increased by 5.8 per cent on July 1 and by another 6.3 per cent on August.
(With additional information from PTI)