19-Apr-2011 4:14 PM
SpiceJet to increase margins by increasing fares and improving efficiency as fuel costs rise
Analysis
SpiceJet plans to adopt a two-pronged strategy - increase airfares and improve efficiency - to improve its margins in the face of rising fuel costs. The carrier also stated it would continue with its regional expansion plans despite the increased operating costs, with the Indian LCC seeing "huge opportunity" in tier II and tier III cities.
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