News > Minimum 10-15% increase in airfares must due to ATF price increase

Minimum 10-15% increase in airfares must due to ATF price increase

Kashmir Vision | 16/06/2022 11:51 AM | Click to read full article

The sharp increase in aviation turbine fuel (ATF) 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 said in a statement.