NEW DELHI 03 January 2006: SpiceJet, no-frill airlines, today decided not to hike its fares with respect to general increase in the ATF surcharge. SpiceJet was the first airline to pass the benefit to customers by cutting fuel surcharge by fifty percent on December 01 last year.

Siddhanta Sharma, CEO SpiceJet said ‘Aviation turbine fuel (ATF) prices are increased by 7.4-7.8%, effective January 1, which will cost dear to company’s exchequers, however, we have decided to absorb this hike, and not passing them to the customers. “Following the philosophy of saving our valuable customers from inflation, we have decided to continue the tradition of transparent policy,” he added.