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SpiceJet needs to raise fares to meet crude expenses: CEO

SpiceJet needs to raise fares to meet crude expenses: CEO
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First Published: Tue, Mar 15 2011. 12 24 PM IST
Updated: Tue, Mar 15 2011. 12 24 PM IST
New Delhi: SpiceJet needs to raise prices further to meet crude expenses, its chief executive officer (CEO) said on Tuesday.
“We have raised fares by a couple of hundred rupees and we are reviewing it on a daily basis,” Neil Raymond Mills told reporters.
At current levels of crude airfares must be hiked by Rs600-700 to break even, he said.
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First Published: Tue, Mar 15 2011. 12 24 PM IST