NIFTY 50

Airline industry is in 'great stress', says SpiceJet chief

Updated : August 28, 2018 08:28 AM IST

His comments come against the backdrop of high crude oil prices hurting the airline industry as Aviation Turbine Fuel (ATF) alone accounts for over 40 percent of a carrier's operational costs.
On why airlines are not able to increase fares, the SpiceJet chairman and managing director said it has all happened at a time when the season is a little weak.
Currently, Singh said that there needs to be at least "10-15 percent increase in yields to cover existing costs".
Airline industry is in 'great stress', says SpiceJet chief
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV