Get ready to pay more for your air travel this holiday season, Fares are expected to go up by around 12% from the first week of December. Differing from airline to airline as well as sector to sector. The hike would be around Rs 360 per sector, highly-place airline industry sources said on condition of anonymity.

Captains of the airline industry met in the Capital on Wednesday and have arrived at an informal understanding to avoid undercutting, the sources said. Jet Airways chairman Naresh Goyal, Kingfisher chairman Vijay Mallya, Arvind Jadhav of Air India, Rahul Bhatia of Indigo and Sanjay Aggarwal of Spice Jet were among those present at the meeting of the Federation of Indian Airlines .All the airline companies said there was no joint decision on fares, but the sources said the denial was due to the fear of cartelization charges which would invite the wrath of the government and regulators.