Kingfisher Airlines and Jet Airways , the nation’s two biggest private airlines, on Friday raised fares for the third time in the last 12months to partly offset losses due to rising fuel prices, a move that may drive a few potential passengers to railway minister Mamata Banerjee’s Duronto Express.

Jet Airways (India) Ltd, the nation’s biggest carrier by market value, rose the most in more than a week in Mumbai after the Business Standard reported an ongoing dispute with pilots may end today.

Jet Airways Chairman Naresh Goyal said he would have no option but to follow "the law of the land" if an action had to be taken against the agitating pilots.

Hundreds of passengers today faced inconvenience as the jet airways cancelled 115 flights scheduled for the day after its pilots went on mass casual leave to protest the sacking of their two colleagues.

Shares of Jet Airways were flying high after the airline hiked its fuel surcharge by Rs 400, leading to a rise in ticket prices.