Airlines in India Hiking Fares

Air travel in india will be more expensive as all major airlines have decided to raise the fares by at least 10 percent. According to the reports from the industry sources, the hike is due to ATF price hike. Crude oil has touched $120-a-barrel mark in the international market. It is said that the new round of fare hike will again hit passenger growth rates. In the last quarter of the 2007-08 fiscal, the number of domestic air passengers grew just 11.12 percent over the corresponding period of the previous year.

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