Airlines to hike fares by end of this month: SpiceJet chairman Ajay Singh

We will increase fares but it depends on 'if' and 'when'

SpiceJet Chairman Ajay Singh expects a significant increase in industry-wide fares in October, as airlines battle rising costs and falling profits. While Singh did not specify the quantum of hike, he said fares could rise after the end of the Shradh period next week. Rising crude oil prices and a weakened rupee have dented airline profitability, but carriers have been unable to pass on the higher costs to consumers. As such, fares remain depressed.

"Of course, there will be an increase in fares. There is no doubt," Singh told Business Standard on Friday. He said the hikes could happen in