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Jet Airways surges on increasing fuel surcharge by Rs 200

19 Sep 2011 Evaluate

Jet Airways is currently trading at Rs. 276.50, up by 4.15 points or 1.52% from its previous closing of Rs. 272.35 on the BSE.

The scrip opened at Rs. 275.00 and has touched a high and low of Rs. 281.00 and Rs. 273.50 respectively. So far 129203 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 926.35 on 10-Nov-2010 and a 52 week low of Rs. 250.90 on 26-Aug-2011.

Last one week high and low of the scrip stood at Rs. 290.00 and Rs. 265.00 respectively. The current market cap of the company is Rs. 2351.31 crore.

The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 15.22% and 4.78% respectively. 

Jet Airways, India’s premier international has raised the fuel surcharge by Rs 200 on the domestic sector on the back of a recent hike in air turbine fuel (ATF). This will be applicable on all flights of Jet Airways, Jet Airways Konnect and JetLite, for sale and travel effective from September 17, 2011.

After two consecutive price cuts, state-owned oil companies has hiked jet fuel, or ATF, price by 2.5% in line with firming of international oil rates on Thursday night. The oil companies had earlier reduced the ATF rates this month by more than Rs 1,586 per kilolitre (KL) in New Delhi but the recent hike had wiped out the reductions made earlier. ATF prices vary at airports due to local sales tax or VAT.

ATF contributes nearly 40% of the operating costs of airlines and currently cost Rs 58,452 per KL at the country's busiest airport, Mumbai. Other airlines, meanwhile, are yet to decide on a possible surcharge hike.

Jet Airways (I) Share Price

34.04 0.00 (0.00%)
07-Nov-2024 00:00 View Price Chart
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