SpiceJet planning to hike fares in next few months

SpiceJet is planning to hike fares in the next few months, on the back of rising fuel prices, falling rupee and intense competition which are taking a toll on the profitability of airlines. The Aviation turbine fuel (ATF) accounts for a significant chunk of an airline's operational expenses.

SpiceJet is among the first private companies that stepped into the Indian aviation sector.