Hyderabad: To cope up with rising fuel prices and falling yields, passenger fares need to be hiked by around 15 per cent, Boeing India President Dinesh A Keskar said here today.
"For this market to continue to do better, the fares must be raised and they must be raised to the tune of around 15 per cent," Keskar said in a press conference on the sidelines of the third edition of India Aviation 2012.
"...If we don't do that (hike airfares)...we will continue to have this massive losses that are being faced by the carriers. And at some time, we will have difficulty in sustaining the health of the industry," he added.
Though a price hike may lead to fewer number of passengers, it will help regain the health of the industry, he added.
14/03/12 PTI/Economic Times
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