An increase in airfares is "inevitable" and Vistara will also raise them if other airlines do so, its CEO Vinod Kannan said on Sunday.
"The ATF prices have been increasing and our fares have also been increasing. As part of the overall market, we do look at market fares. We don't operate in a vacuum and if other airlines increase fares and if the function of supply and demand is there, fares will increase," he was speaking to journalists in Doha where over 100 airlines are gathered for IATA’s Annual General Meeting.
He said that the increase in ATF means that fuel costs now account for up to 40-50% of total costs for Indian airlines.
