You are here: Home » News-IANS » Business-Economy
Business Standard

Airfares soar over 100% as airlines cancel flights

IANS  |  New Delhi/Mumbai 

Air passengers face the grim prospects of high air fares and fewer flight choices as several cancel operations due to a number of reasons including the grounding of 737-MAX

According to industry insiders, some sectors have shown a rise of more than 100 per cent in last minute bookings.

"With an unprecedented number of planes now grounded due to various factors, reduction in seat capacity has led to an increase in fares overnight. Last minute airfares on Wednesday increased to more than 100 per cent on some key routes like Delhi-Mumbai, Mumbai-Chennai, Mumbai-and Mumbai-Bengaluru as compared to same time last year," said Aloke Bajapi, CEO and Co-founder,

"Spot fares for Mumbai-Chennai are touching Rs 26,073 as opposed to Rs 5,369 the same time last year. High airfare patterns are expected to continue in the short term with Holi and summer school holidays round the corner, resulting in an increased demand."

Operations of like and have been hit due to the government's Wednesday decision to join a global grounding of 737-MAX following a crash in

In India, and operate 17 737-800 MAX - Spice (12) and Jet (5). A part of Jet fleet has already been grounded due to other reasons.

The grounding led to cancel 14 flights on Wednesday. This number is expected to touch 32 on Thursday.

Apart from SpiceJet, Jet Airways, which faces financial challenges, has already grounded four more aircraft over non-repayment of dues to lessors, taking the total to 32.

The company in BSE filings has said that its 19 aircraft were grounded in February over non-repayment of dues to lessors, while 13 aircraft were grounded this month, taking the total to 32. The Group operates a fle et of 123 aircraft.

However, around 50 planes are said to be non-operational due to a host of reasons, including lack of spare parts.

IndiGo faces massive turbulence of pilot shortage, leading to truncated flight schedule

Earlier, the said that 30 of its flights which have been affected represent only 2 per cent of its network. It has decided to curtail its schedule till March 31, by about 30 flights a day.

"As a proactive measure, IndiGo has decided to continue its curtailment until the end of March. This measure has already been implemented and passengers informed," the said in a statement.

"These medium term cancellations have been made to minimise the impact on passengers as alternative have been offered well in advance. The operations will be normalised by the start of the summer schedule."

For sometime now, has grounded 17 aircraft due to technical reasons.

On Wednesday, the government had advised domestic not to go in for predatory air fare pricing as several 737-MAX aircraft were grounded due to safety reasons.

Civil Secretary said: "We have advised the airlines... that they should not use it (grounding) as a reason to jack up their fares."

"They have promised they will go as per normal routine. DGCA has just said that it will be monitoring all the sectors very closely."

--IANS

rv-sn/mr/in

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 14 2019. 13:50 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU