Major airlines including Kingfisher, Jet Airways, Indigo and Air India have reduced fuel surcharge on all domestic flights by Rs.400 pet ticket, following successive cuts in Aviation Turbine Fuel (ATF) prices by oil marketing companies.
The country's second biggest carrier Kingfisher Airlines and IndiGo on Saturday reduced fuel surcharge by Rs.400 per ticket.
Travel by Kingfisher Red (formerly Air Deccan) will cost Rs 1,950 for distances up to 750 km, Rs 300 less than the Rs 2,250 earlier. Distances over 750 km will cost Rs 2,700, Rs 200 less than the Rs 2,900 earlier.
For the full-service carrier, Kingfisher, flights up to 750 km will cost Rs 1,950, Rs 400 less than the Rs 2,350 earlier. Fares for traveling more than 750 km will be down to Rs 2,700 from Rs 3,100. Earlier, Jet Airways, JetLite and Air India took similar cuts.
The reduction in fuel surcharge is expected to stimulate domestic air travel market, which has been reporting sluggish growth in traffic for the past few months. ATF prices account for about 45% of an airline's operating costs and has seen a price drop of nearly 50% since August.
Source:rttnews
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