Airlines had “no choice” but to raise airfares because of the increasing prices of aviation turbine fuel, SpiceJet CMD Ajay Singh said. “The sharp increase in jet fuel prices and the depreciation of the rupee have left domestic airlines with little choice but to immediately raise fares, and we believe that a minimum 10-15% increase in fares is required,” Mr. …
New Delhi: The sharp increase in aviation turbine fuel prices and the depreciation of the rupee have left the domestic airlines with no choice but to immediately raise airfares, said Ajay Singh, Chairman and Managing Director, SpiceJet, on Thursday. A minimum 10-15 per cent increase in air fares is required to ensure that cost of operations are better sustained, Singh …
