Jet Airways & Spice Jet hikes fares by steep 25% - due to turbine price increase

Jet Airways & Spice Jet hikes fares by steep 25% - due to turbine fuel price increase. The move comes in the wake of a nearly 25 percent fall in the rupee against the dollar and a recent 6.9 percent hike in aviation turbine fuel.

Jet Airways today followed its smaller rival SpiceJet and hiked fares by a steep 25 percent to mitigate the impact of the sharp fall in the rupee value and a near 15 percent spike in oil prices of late.