Airline tickets are likely to cost more next month with airlines passing on the impact of latest fuel price hike to passengers. Oil marketing companies hiked the price of aviation turbine fuel (ATF) on thursday by 3.5% the second successive hike in two months.

Fuel accounts for nearly 45-50% of operating costs for Indian carriers and any hike in fuel cost will impact their profits. Last September oil companies hiked  ATF price by 7%. Prices dropped next month but have been rising again since January on the back of rise in global crude prices. Globally crude prices are 9% higher over December price.

"We are likely to increase fares,'' a senior Jet Airways executive said. Although no decision has been taken yet he indicated that the change in fares would come into effect from next month as travel demand in March is low.

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