After recent reduction in Aviation Turbine Fuel (ATF), domestic air carriers are all set to cut air fares. Country's leading air carriers, Kingfisher Airlines and Jet Airways are likely to reduce fare by Rs 600 per ticket in January. Notably, Union Aviation Ministry has asked the carriers to pass the benefits of ATF cut to the customs by reducing air fares.  

The chairman of Kingfisher airline, Vijay Mallya has called a meeting of its top officials on December 20 to decide the quantum of fair cut in line with ATF price cut. Kingfisher's spokesperson said, "I don't want to comment anything on fares at this juncture. But a meeting has been called to discuss on airfares this week. If any fare cut decision has to be taken, then the company will inform its customers at the right time."

Meanwhile, Jet may also revise air fare in the coming day but it has yet to decide on the matter. Company's spokesperson said, "No decision on fare cut has been taken yet. Moreover, the government and ministry can't impose fares on Jet Airways as it's an internal company matter."