Jet Airways in demand on fuel surcharge hike

MUMBAI: Shares of Jet Airways were flying high after the airline hiked its fuel surcharge by Rs 400, leading to a rise in ticket prices.

The increased surcharge would be applicable on tickets of the premier carrier as well as its two wholly-owned low-fare subsidiaries, JetLite and Jet Airways Konnect.

Jet Airways move comes right after oil marketing firms hiked ATF prices by more than 12 per cent on the back of rising international oil prices.

Indian Oil, Bharat Petroleum and Hindustan Petroleum raised aviation turbine fuel price by Rs 3,949 to Rs 36,252 per kilolitre in Delhi effective Monday midnight. Meanwhile, in Mumbai, the rate will go up from Rs 33,260.8 per kilolitre to Rs 37,367 per kilolitre.

Jet fuel in Kolkata will cost Rs 44,289 per kilolitre from Rs 40,230.05 per kilolitre, while in Chennai the price has been raised to Rs 40,024 per kilolitre from Rs 35,821.34 per kilolitre.

At 1:20 pm, shares of Jet Airways were up 1.16 per cent while Kingfisher Airlines gained 0.61 per cent to Rs 57.50.