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No plans to cut fares, says SpiceJet

No plans to cut fares, says SpiceJet
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First Published: Mon, Sep 01 2008. 11 44 AM IST
Updated: Mon, Sep 01 2008. 11 44 AM IST
Reuters
New Delhi: Low-cost carrier SpiceJet Ltd has said that it does not plan to cut air fares even as jet fuel prices in the domestic market have been slashed by 16% from Monday.
“We need at least 2-3 months of stability of prices before we go back and revise. As of today, we are not doing anything,” Partha Sarathi Basu told Reuters over the telephone.
State-run Indian Oil Corporation cut domestic jet fuel prices by 16% with effect from Monday as international crude oil prices have fallen by a fifth from an all-time high of over $147 in mid-July.
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First Published: Mon, Sep 01 2008. 11 44 AM IST