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Jet Airways hikes fares

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SummaryJet 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

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.

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