Page 3 - Airfares

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

2 in 3 travellers want pre-pandemic govt fare caps back as air-fares soar

A recent survey by LocalCircles reveals that soaring airfares have worried travellers and two out of three fliers want the government to bring back an upper and lower limit on air-fares

Removal of airfare caps will help in offering discounted tickets: IndiGo

The country's largest carrier IndiGo on Wednesday said the removal of airfare caps will help airlines to increase their passenger load factors by offering discounted fares. With the government doing away with the airfare limits after more than two years, travel agents are also optimistic that ticket prices are likely to go down in the coming months, especially due to the upcoming festival season. The country's second-largest airline Vistara said it will continue to have a balanced pricing strategy. The upper and lower limits on airfares on the basis of flight duration were put in place back in May 2020 after the resumption of scheduled domestic air services. Scheduled domestic flights were suspended for two months starting from late March 2020 in the wake of the coronavirus pandemic. On August 10, the civil aviation ministry announced that airfare caps will be removed from August 31 amid the domestic air traffic being on the recovery path as well as a relative decline in jet fuel .

TMSEp236: Airfare cap, aircraft maintenance, edible oil stocks, flag code

How will removal of caps on airfare affect ticket prices? Why's aircraft maintenance sector in dire straits? Will edible oil stocks run out of steam? What is the Tricolour's flag code? Answers here

How will the removal of caps on airfare affect ticket prices?

The government announced to lift the cap on airfares after over two years. Does it mean that we will have to shell out more for flight tickets? Will it lead to a price war? Let's find out

Agnipath protests: Passengers stranded as trains cancelled; airfares soar

The Railways on Monday said it has cancelled 587 trains due to the agitations.

Catch 22: Airlines want a 15% hike in airfares but fear a drop in traffic

In the nine hikes since January 1, the jet fuel prices have been increased by Rs 49,017.8 per kl or nearly 55%

International airfares rise 50% on higher demand, jet fuel costs

Seats are difficult to get on flights to Europe and US and those that are available fall in the higher slabs

Airlines may go for another round of fare hikes as crude prices bite

The govt has set minimum and maximum fares for domestic flights and these are applicable upto a fortnight. For booking beyond 15 days airlines are free to set their own fares.

Airfares rise 30-100% against pre-pandemic levels: Thomas Cook

The domestic air passenger traffic increased around 67 per cent year-on-year in October

These goldsmith-techies use dynamic pricing to help businesses max revenues

Anshu Jalora and Vijeta Soni's firm Sciative uses AI, automation and big data to set movie ticket prices, and bus and airline fares, based on the demand curve for these services and products