Jet Airways hikes fares

Written by Press Trust of India | Mumbai | Updated: Sep 5 2013, 05:45am hrs
Jet Airways on Wednesday followed its smaller rival SpiceJet and hiked fares by a steep 25% to mitigate the impact of the sharp fall in the rupee value and a near 15% spike in oil prices of late. The airline has hiked its fares by 25% with immediate effect, a Jet Airways source said. The move comes in the wake of a nearly 25% fall in the rupee against the dollar and a recent 6.9% hike in aviation turbine fuel, sources said.