Page 2 - Airfares

Flights cancelled, airfares jump 52-171% as rainfall batters Chennai

Domestic carriers have offered a fee waiver on flight cancellations or rescheduling of the impacted flights to their passengers

Diwali Bonanza: Airfares see up to 9% decline on key domestic routes

On the Mumbai-Ahmedabad route, ticket prices decreased marginally from Rs 3,700 to Rs 3,650 in the aforementioned period

Relief for domestic fliers as ticket prices fall by 8% in festive season

The price reduction in airfares comes at a time when airlines are incurring higher costs, including jet fuel and airport charges

Festival season gains momentum, leads to surge in airfares, hotel tariffs

Travel firms have also noticed a shift in the Visiting Friends and Relatives (VFR) trend usually seen during festivals

Weekend Bites: RBI kills one bird with one stone, future of 50-over cricket

In which we munch over the week's platter of news and views

Sky high: Airfares increase up to 89% on key routes for Diwali week

Limited capacity, high demand pushing up ticket prices

Union govt refuses to interfere in exorbitant airfares for travel to Kerala

The Union government has refused to intervene in the issue of exorbitant airfares for travel to Kerala during the upcoming Onam season stating that dynamic pricing is in place and travellers have to book in advance. Chief Minister Pinarayi Vijayan's Office said in a release on Saturday that the Centre has refused to intervene in the issue. Vijayan had on July 5 sought the intervention of Civil Aviation Minister Jyotiraditya Scindia in the matter, saying the exorbitant prices would impact numerous Keralites residing both in India and West Asia who are eagerly planning to return home for Onam festivities. In a letter to the chief minister, Scindia informed him that the aviation companies have the authority to decide the airfares, the release said. "There is only an increase of 9.77 per cent during the festival season. Since only the dynamic pricing system is in place, the only option is to book tickets in advance," the release said, quoting the letter from the Union minister. Steep

Hotels booked out, airfares surge as I-Day long weekend approaches

The group has seen a rise in bookings at its properties in Goa, Jim Corbett and Shimla, and Storii Amoha Retreat in Himachal Pradesh

After a solid Q1, IndiGo's troubles may mount in Q2FY24, warn analysts

IndiGo's profitability may be affected in the July to September quarter (Q2) of FY24 owing to lower fares in a seasonally weak quarter and higher fuel prices, analysts said

Average spot airfares drop up to 33% in a week: Aviation ministry

Fares on the Mumbai-Delhi route (for travel on Wednesday), however, increased 29% to Rs 7,394 as compared to last week

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