Airfare Hike

Increase in airfare not linked to rise in airport charges, says ACI

Airport charges are an important element of the commercial aviation ecosystem for infrastructure development and increase in airfares is not linked to a rise in the charges, according to the Airports Council International (ACI). Against the backdrop of the International Air Transportation Association (IATA) flagging concerns over a steep rise in airport charges, ACI also said that the charges will remain a critical source of revenue for airports. "Airport charges are an important element of the commercial aviation ecosystem for infrastructure development. Failing to address the capital expenditure requirements to accommodate the projected growth could have serious socio-economic consequences," Stefano Baronci, Director General, ACI Asia Pacific & Middle East, said. In a statement to PTI, he noted that airports are highly infrastructure-intensive businesses, with their cost structures dominated by significant fixed costs for the operation and upkeep of essential infrastructure such

Airfares increase up to 25% for Diwali, Onam festival season travel

Airfares are heading northwards for the festival season, with the average one-way ticket price on key domestic routes being 10-15 per cent more for Diwali and 20-25 per cent higher for certain flights to Kerala cities for Onam, according to an analysis. An analysis done by travel portal ixigo for PTI showed that the average one-way economy class fare for non-stop flight on Delhi-Chennai route during October 30-November 5 period is 25 per cent higher at Rs 7,618. This is in comparison to the fare during November 10-16 period last year. For the given comparison period, the ticket price is 21 per cent more at Rs 5,162 on Mumbai-Hyderabad route and 19 per cent higher at Rs 5,999 and at Rs 4,930 on Delhi-Goa and Delhi-Ahmedabad routes, respectively. On certain other routes, fares are higher in the range of 1-16 per cent, as per the analysis. ixigo's Group Co-CEO Rajnish Kumar said travel demand for Diwali is on the rise with airfares higher than last year. "Popular routes like ...

Planning to travel by air during festivals? Your tickets may be costlier

Certain routes have witnessed a jump in airline ticket (year-on-year) prices during the month of September as the demand for air travel remains high amid the festival season

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

Civil aviation ministry, airlines to discuss airfare spike on some routes

The civil aviation ministry will hold discussions with airlines later in the day on issues related to airfares, which have surged on certain routes in recent weeks, according to an official. Airfares have jumped significantly on certain routes, especially in the wake of crisis-hit Go First suspending operations from May 3. The meeting with representatives of airlines is likely to be chaired by civil aviation minister Jyotiraditya Scindia, the official said. The official also said that airfares are deregulated and the meeting is for monitoring and facilitation purposes. Amid a rise in airfares on certain routes, Scindia, last week, said the ministry was doing an analysis of routes that have been affected by the suspension of flights by Go First. Go First is undergoing an insolvency resolution process.

Airfares on Holi high: Travel firms witness a rise in advance bookings

The increased demand has reflected in higher fares on popular routes during March 6-12 (Holi week) compared to February 6-12

Festive demands up airfares by 20-30% on key routes across country

The hike in airfare prices is a result of the increased cost of aviation turbine fuel, according to ixigo's data

Kerala CM seeks PM's intervention over unreasonable airfare hike post-Covid

Kerala Chief Minister Pinarayi Vijayan sought Prime Minister Modi's immediate personal intervention to reduce exorbitant airfares in the post-Covid period in both domestic and international sectors

TMSEp196: Airfare hike, Shankar Sharma, markets, Sec8 of Companies Act

How will the airfare hike impact travel? What's First Global's Shankar Sharma's investment strategy? Why US Fed's rate hike failed to calm markets? What is Section 8 of Companies Act? Answers here

TMSEp196: Airfare hike, Shankar Sharma, markets, Sec8 of Companies Act

How will the airfare hike impact travel? What's First Global's Shankar Sharma's investment strategy? Why US Fed's rate hike failed to calm markets? What is Section 8 of Companies Act? Answers here

Fare hike will prune airline losses but slow down traffic growth: experts

On Friday the govt hiked minimum and maximum fare slabs by 12.5%

Hike in airfare limits: Puri says ATF prices up 3 times since May 2020

The first band consists of flights that are of less than 40 minutes duration

Air fares not exorbitant, change according to market forces: DGCA to HC

The regulator took the stand in an affidavit filed in response to a PIL seeking capping of air fares charged by airlines in the country

Be ready to shell out more for airfares as govt mulls security fee hike

Among them 26 airports, including those in New Delhi and Mumbai, were in the hyper-sensitive category

Parl panel for capping airfares, Gajapathi Raju says it will backfire

He told reporters that there were only 1.7% of cases where fares were higher than normal

Set maximum limit for airfares: Parliament panel to govt

The committee by taking the name of Indigo has made a strong comment in its report and has instructed its ground staff and cabin crew to change their behavior