The country’s leading private air-carrier, Kingfisher Airlines, has decided to cut fares across its network from January 1.

The fare-cut is expected to be in the range of 12–15%. However, the company did not specify the quantum by which fares would come down.

It may be noted that Civil aviation minister Praful Patel had repeatedly asked the airlines to pass on the benefit of sharp a drop in ATF prices to passengers.

For the last four months, a dramatic fall in ATF prices has been noticed.

Another private airline, Jet Airways, has also taken a similar decision on the issue. The company plans to cut its basic fares by 15–40%.

In addition, Air India and Low cost carriers such as IndiGo and SpiceJet are also working on offering attractive schemes and there is a possibility of a 10% fare reduction in the first week of January.