SpiceJet Chairman Says Oil Even at $90 Is ‘Unsustainable’

Indian airlines may need to rethink expansion plans as crude oil prices hover at unsustainable levels, even at $90 a barrel, budget carrier SpiceJet Ltd.’s chairman said.

“We don’t know where things are really going,” Ajay Singh, who’s also the managing director at SpiceJet, said in an interview with Bloomberg Television’s Haslinda Amin on Tuesday. Fares in domestic routes are unlikely to stay steady as Indian airlines “will have no choice but to impose a fuel surcharge.”