New Delhi: Air fares between India and Singapore on flights operated by Singapore Airlines (SIA) and Silk Air have gone up by between 1 to 2 per cent from this month.
“We are constantly adjusting our fares. We do a review twice a year and revise fares based on the market supply and demand situation,” said David Lim, General Manager, India, Singapore Airlines, without getting into specifics of what changes had been made in the fare. The review does not necessarily have to see fares move northwards, he added.
It was not immediately clear whether the increase in fares on SIA and Silk Air’s flights is due to the increase in global prices of aviation fuel or of other reasons as the airline provides an all-inclusive airfare to passengers without giving a break up of what the fuel cost and other components of the ticket are. SIA hedges on almost 46 per cent of the aviation fuel that it purchases which basically is forward selling and buying of aviation fuel to improve their bottom line.
09/10/18 Ashwini Phadnis/Business Line
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“We are constantly adjusting our fares. We do a review twice a year and revise fares based on the market supply and demand situation,” said David Lim, General Manager, India, Singapore Airlines, without getting into specifics of what changes had been made in the fare. The review does not necessarily have to see fares move northwards, he added.
It was not immediately clear whether the increase in fares on SIA and Silk Air’s flights is due to the increase in global prices of aviation fuel or of other reasons as the airline provides an all-inclusive airfare to passengers without giving a break up of what the fuel cost and other components of the ticket are. SIA hedges on almost 46 per cent of the aviation fuel that it purchases which basically is forward selling and buying of aviation fuel to improve their bottom line.
09/10/18 Ashwini Phadnis/Business Line
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