Singapore: Cash-strapped airlines in India should raise fares by at least 15% by achieve the break-even point, a senior official of Boeing said here today.
Boeing Senior Vice-President, Sales in Asia Pacific and India, Dinesh Keskar also said airlines in India are estimated to post over $1 billion loss in the current fiscal. Stiff competition, depreciating rupee and the rising costs of fuel have impacted earnings of the Indian airlines, he added.
"The best way [for the airlines] is to raise fares by minimum 15% to hit a break-even point," he told PTI at the Singapore Airshow here
"Indian airlines would suffer over $1 billion in FY2011-12 due to high operating costs," he added.
Keskar pointed out that these cost elements were beyond the control of airlines.
Airlines in India are going through turbulent times and many of them have been consistently registering losses. High fuel costs and low passenger fares are cited as the main reasons for rising operating costs.
14/02/12 Press Trust of India/Business Standard
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