Airlines need to up fares if crude rises more : SpiceJet
2009 August 25
Airlines need to up fares if crude rises more; need some rationalisation of capacity in industry; comfortable with current hedged positions; expects load factor to improve despite higher fares: SpiceJet
SpiceJet says Airlines need to up fares if crude rises more. It need some rationalisation of capacity in industry. The full services carriers are switching to low cost model. It is comfortable with current hedged positions. The environment for aviation remains challenging. It will continue to focus on keeping costs low. It expects load factor to improve despite higher fares. It sees further consolidation in aviation industry.
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