Page 3 - Airfares

India tops airfare spike in APAC, West Asia study, shows research

The study says that airlines are capitalising on low competition and pent-up demand to increase profits and recover losses suffered during the Covid-19 pandemic

Why are airfares in India soaring and is there a way to beat it?

Airlines look at affordability, demand, availability and lots of other factors when pricing their flights

Ill-informed: Scindia hits out at Venugopal for remark on rising airfares

Terming his remarks ill-informed and shocking Union Civil Aviation Minister Jyotiraditya Scindia shot back at the senior Congress leader Venugopal for hitting out over skyrocketing airfares

Maximum airfares drop up to 61% after govt intervention, says Scindia

Don't wait for govt to point out abnormal fares, says Scindia

TMS Ep449: NEP, rising airfares, Jonathan Garner, spelling competition

Is the National Electricity Plan too ambitious? Should govt step in amid rising airfares? How does Jonathan Garner view the global equity landscape? What's Scripps spelling competition? Answers here

India has one of the best airfare, no need for 'gouging': Akasa Air CEO

India has one of the best airfare regimes in the world, but there should not be "gouging" in terms of ticket prices to take advantage of a particular situation, according to Akasa Air CEO Vinay Dube. His comments come against the backdrop of concerns about a steep rise in airfares in certain routes amid capacity reduction due to the Go First crisis and higher travel demand, and the government asking airlines to devise a mechanism to ensure a reasonable ticket pricing system. India is one of the world's fastest-growing aviation markets, and domestic air traffic is recovering strongly after the coronavirus pandemic. Dube, also the founder of Akasa Air, said the civil aviation ministry has an excellent point in terms of gouging and is not talking about average fares in India, like equivalent to USD 45 or 50, which is too high. "Gouging is what the government is worried about... as an airline fraternity, we should ensure that there is no gouging," Dube told PTI in an interview in ...

Check abnormal surge in airfares: Jyotiraditya Scindia to airlines

There were no immediate comments from airlines, but airline executives said on condition of anonymity that they would comply with the instruction

Airlines must devise mechanism for reasonable pricing of air tickets: Govt

The government on Monday asked airlines to devise a mechanism to ensure reasonable airfares amid a surge in air ticket prices, particularly on certain routes that were earlier served by Go First. During an hour-long meeting of the airlines advisory group, Civil Aviation Minister Jyotiraditya Scindia shared his concerns about the steep rise in airfares on certain routes. Airlines have been asked to self-monitor airfares on routes that have seen considerable rise in ticket prices, particularly those that were served by Go First earlier. Go First stopped flying from May 3 and the reduction of capacity due to the crisis at the budget airline has come at a time when peak domestic air travel period is round the corner. A mechanism should be devised by airlines to ensure reasonable pricing within the high RBDs (Reservation Booking Designator) and the same would be monitored by the Directorate General of Civil Aviation (DGCA), the ministry said in a statement. Airfares are deregulated und

Spot airfares up three times in a month on India's busiest routes

However, fares for tickets purchased 30 days in advance have seen a small increase

Train accident: Govt asks airlines to keep fares on Odisha flights in check

Rescheduling and cancellation charges on flights affected by accident should be waived off: Govt

Amid surge in airfares, govt analyses routes impacted by Go First crisis

Amid a surge in airfares on certain routes, the civil aviation ministry is doing an analysis of routes that have been affected by the suspension of flights by Go First. Civil Aviation Minister Jyotiraditya Scindia on Thursday said there is an unusual situation due to the Go First crisis and there has been an excess demand on the routes the airline had been operating. Go First, which is undergoing an insolvency resolution process, has not been flying since May 3. "We have given additional routes to other airlines but it is a piquant situation... I doubt any other sector has seen the vicissitudes that civil aviation has seen in the last three years," he said while speaking at the India Economic Conclave here. "... I have put together a group in the last couple of days and we are doing an analysis of a lot of those routes... that have been affected by this unusual event (Go First crisis). "One is Srinagar, Pune, slightly Ahmedabad, we are doing a full analysis on that... we will spea

Govt wants airlines to keep airfares moderate after Go first exit

Official says no govt plan to regulate airfares; aviation minister says DGCA awaiting Go First's plan on resumption of flights

Airlines to exercise moderation in pricing tickets as airfares spike: Govt

The government has asked airlines to exercise moderation and ensure a balance in pricing of air tickets amid a spike in airfares on certain routes especially after suspension of flights by crisis-hit Go First, according to a senior official. While making it clear that there are no plans to regulate airfares, the official said there should not be a huge gap between the tickets sold in the lower and upper fare buckets by the airlines. India is one of the fastest growing civil aviation markets in the world and domestic passenger traffic has been rising after being significantly impacted by the coronavirus pandemic. After cash-strapped Go First stopped flying from May 3, there has been a significant rise in airfares on certain routes that were operated by the budget carrier. The routes include Delhi-Srinagar and Delhi-Pune. Also, the reduction of capacity due to the Go First crisis has come at a time when peak domestic air travel period is round the corner. The senior civil aviation ..

Parliamentary panel to hear Civil Aviation Ministry on 'fixing of airfares'

The meeting comes amid reports of "steep hike" in fares on flights from violence-hit Manipur even as some airlines have temporarily waived off some charges including for rescheduling flights

Go First bankruptcy seen helping rivals, boosting airfares in India

Shares of India's largest airline IndiGo rose by more than 8% on Wednesday, a day after cash-strapped airline Go First filed for bankruptcy, blaming "faulty" Pratt & Whitney engines

US-India airfares shoot up as impact of Russia's war in Ukraine continues

Invasion has resulted in fuel costs increasing; the closure of Russian airspace for western airlines

Top headlines: Airfares high on Holi, Uber to go to court over bike taxi

Business Standard brings you the top headlines at this hour

High airfares are here to stay after post-pandemic boom: AirAsia CEO

"It's not high prices, it's real prices," Fernandes said. "I think the fares you're seeing now are really what you should have seen in 2019 as well"

Airport slots for next season to be based on this season's usage: Govt

Usage of slots for more than 80 per cent of time in the previous winter season decides whether an airline would get the same slot again in the current winter season

65% of passengers want cap on airfares, says LocalCircles survey

Sixty-five per cent of surveyed passengers want the civil aviation ministry to reintroduce a cap on airfares, according to a survey carried out by LocalCircles