Jet Airways, Kingfisher Airlines and SpiceJet soared. Reportedly, after seeing a two-year low, air prices are expected to increase by 10% in September.

Jet Airways, Kingfisher Airlines and Spice Jet rushed up after the government on Friday, resolved to form a Group of Ministers to take care of the matters addressed by the slump-hit airlines.

In the early quarter of fiscal 2009-10, Kingfisher Airlines has recorded a fall of Rs.242.71crore as opposed to a decline of Rs.157.87crore posted during the same quarter in the last fiscal.

Kingfisher Airline has begun the pioneer direct flight service linking Goa and Pune from 1st July.

Kingfisher Airlines presently trades at Rs.71.95, which is higher by 3.75 points from its last close of Rs.68.20 on the Sensex.

Vijay Mallya, Kingfisher Airline chairman has pulled out a personal guarantee for a Rs.2, 000crore to assist the airline, which is going through a financial crisis.

Jet Airways presently trades at Rs.297.40, which is higher by 9.65 points from its earlier close of Rs.287.75 on the Sensex.

Kingfisher Airlines and Jet Airways will soon introduce code-share flights on certain routes.

Reportedly, the recently selected chief, Arvind Jadhav of state-led National Aviation is supposed to hold a meeting with finance ministry officials today to boost an early equity infusion to assist in reinforcing its convoy growth programme.

Jet Airways introduces a second low-priced service today by switching some of its full-priced flights into a basic, overall-economy service,