Minimum 10-15% increase in airfares must due to ATF price increase, rupee slide: SpiceJet CMD
Amid a sharp rise in aviation turbine fuel (ATF) prices, domestic airlines have no choice but to immediately increase airfares, according to the Chairman and Managing Director of SpiceJet.
“We believe that a minimum 10-15 per cent increase in fares is required to ensure that cost of operations are better sustained,” Ajay Singh said.
His statement comes at a time when aviation fuel prices have hit an all-time high of Rs 1.41 lakh/KL following a massive 16.3 per cent hike. In the last six months alone, the cost of jet fuel has increased 91 per cent and nearly doubled in 2022.
