The lower and upper limits on airfares will remain for 15 days at any given time and the airlines will be free to charge without any limits from the 16th day onwards, the Civil Aviation Ministry said.
They have also urged the government to resume international air travel without limiting capacity
Spike in airfares seen in several other routes connecting India, Mumbai-Moscow doubles in about a month
U.K. authorities caught airlines and holidaymakers by surprise on Thursday with a decision to remove Portugal from the green list of countries where travel was relatively easy.
Widely watched airfares in China are recovering to pre-pandemic levels as domestic tourists lead a patchy air travel recovery, scattering crumbs of hope to a shattered global travel sector
Among the Indian domestic carriers, only Vistara has premium economy class seats in its flights
An executive from a European airline said loads have declined 30 per cent in the last few days
Domestic passengers traffic to grow 6-8 per cent in FY20, as against a healthy 19 per cent growth registered in the year ended March 2019
Airlines return to shorter routes soon after the announcement
Airfares have risen amid reduced number of flights in the wake of grounding of planes by Jet Airways
Some members of the panel also suggested capping the ticket prices
Proposal would ensure more transparency as air ticket prices are driven by supply & demand metrics
Flying on overseas destinations such as London, Singapore, Sydney, Kuala Lumpur from India became cheaper this summer with airfares going down up to 28 per cent amid capacity addition on international routes. The entry of foreign carriers including Brussels Airlines have also helped the airlines keep their ticket prices lower in April this year compared to same period of 2016, Tour and travel firm Cox & Kings said in a study. As per the study, the airfares for a Delhi-London journey came down to Rs 31,800 in April this year as against Rs 39,497 in the same month last year, a drop of 19 per cent. Similarly, airfares from New Delhi to Singapore also dropped by 22 per cent to Rs 22,715 in April this year from Rs 29,069 in April 2016. "Our research has indicated that fares this summer have been cheaper compared to the same period last year," John Nair, Head of Business Travel at Cox & Kings said. The ticket prices for Mumbai-Kuala Lumpur saw the sharpest decline with airfares
Under scheme -- UDAN (Ude Desh Ka Aam Naagrik) -- fares are capped at Rs 2,500 for one-hour flights
New levy aimed at funding the regional air connectivity scheme
October-December quarter is peak for airlines due to a spate of festivals, followed by April-June when schools close for summer breaks
Addition of frequencies by carriers such as IndiGo and Vistara has resulted in passenger growth
The government also said it will hold consultations with airlines to explore the possibility of curbing the practice of charging exorbitant airfares