Airlines had “no choice” but to raise airfares because of the increasing prices of aviation turbine fuel (ATF), 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. Singh said in a press statement on Thursday.
He reiterated the industry’s demand for reduction in Central and State government taxes on ATF as it had seen a 120% increase in prices since June 2021.
