Jet Airways, the Mumbai-based private carrier, plans to hike fares by 10-15 per cent this quarter.
“Fares are set to rise by 10-15 per cent in the April-June quarter. We have also seen passenger volumes rising, particularly on domestic routes,” said Shiv Kumar, vice-president - revenue management, Jet Airways.
ATF prices have been hiked up to 9 per cent since November 1, 2009, leading to an increase in operational expenses. Thirty five per cent of operational expenses are incurred on fuel.
Jet Airways also expects passenger volumes to go up, with the launch of its daily services between Mumbai and Johannesburg from next Wednesday. The carrier will also provide connecting flights to 14 destinations in Africa and five within South Africa through partner airlines. Jet Airways expects good revenues from cargo services on this route as well. It bets high on the Indian community in South Africa, students, businessmen and tourists as potential passengers.
“We usually operate with a passenger load of 82-83 per cent. We are also seeing a resurgence of the business travellers and demand for connecting flights, both domestic and international,” said Sudheer Raghavan, CCO, Jet Airways.
The airline is also providing South African holiday packages through JetEscapes.
