With the increase in demand combined with the increased price of ATF the flight ticket prices may go up during the festive season, adding to the travelling problems for Indians.
Air travel is likely to become costlier after the price of aviation turbine fuel (ATF), the fuel that helps aeroplanes fly, was on Thursday hiked by 16 per cent to an all-time high. This is the steepest ever hike in the price of jet fuel and comes at a time when international oil rates are hardening
The sharp increase in aviation turbine fuel (ATF) prices and the depreciation of the rupee have left the domestic airlines with no choice but to immediately raise airfares, said Ajay Singh, Chairman and Managing Director, SpiceJet, on Thursday.