Oil prices even at $90 'unsustainable', warns SpiceJet's Ajay Singh; says Indian airlines bracing for pain

SpiceJet chairman Ajay Singh warns that crude oil prices at $90 per barrel are unsustainable for airlines, signaling potential fare hikes and pressure on expansion plans. Rising fuel costs, linked to Middle East conflict, are impacting Asian carriers significantly, with some considering grounding aircraft. Industry leaders anticipate challenging months ahead for airlines and passengers alike.