Jet Airways mulling 10-15% fare hike

Private air-carrier, Jet Airways, today said it was mulling a fare hike by 10-15 per cent this quarter to offset rising fuel prices and that it would not add any routes this fiscal.

"Fares would rise by 10-15% in the April-June period over January-March," Jet Airways' vice-president (Revenue  Management), Raj Sivakumar told reporters here.
  
Rising crude prices are a cause of concern, he said. 

However, the airline has recorded a load-factor of 80% on its international routes while its domestic flights clocked a 70% load-factor in the last quarter, he said.

The private air-carrier was witnessing a rise in volumes, particularly on its domestic routes, the Jet official said.

The Naresh Goyal-led airline planned only a minimal expansion in the current fiacal, its Executive Director, Saroj Datta, said.

"There would be a very minimal expansion this year. Virtually, no new routes would be added but there might be increased operations on certain routes. There may be an addition of one or two new cities," Datta said.

"There will possibly be a replacement of a few aircraft whose leases expire," he said.