SpiceJet has pitched for 10-15 per cent hikes in airfares in order to sustain the operation, amid rising prices of jet fuel and the depreciation of the Indian Rupee. As per the company, the massive increase in air turbine fuel (ATF) is not sustainable and governments both centre and state, need to take urgent action to reduce taxes on ATF. The company, in the last few months, has tried to absorb as much burden of this fuel price rise, which constitutes more than 50 per cent of its operational cost.
SpiceJet is among the first private companies that stepped into the Indian aviation sector.
