Low-cost carrier SpiceJet today said it is considering a possible hike in its fares by up to Rs 300, close on the heels of Jet Airways and Kingfisher Airlines increasing fuel surcharge last week.
"We are currently evaluating if we need to increase our airfares. If we decide to increase it, it will be in the range of Rs 200-Rs 300," SpiceJet Chief Executive Officer Sanjay Aggarwal told reporters on the sidelines of India Tourism Conclave here.
Besides, the carrier is also looking at increasing its flight frequencies with its existing fleet, he added.
"We are looking at increasing our flight frequencies with our existing aircraft. The key for low-cost carrier is capacity utilisation," he said.
Last week, the top two private carriers -- Jet Airways and Kingfisher Airlines -- had increased their airfares by hiking the surcharge in aviation turbine fuel (ATF) by up Rs 300.
