Airfares set to rise 7-9% as Jet Airways crisis squeezes capacity additions
NEW DELHI: Air passengers are likely to shell out the highest fares for domestic travel this fiscal with the ticket prices expected to spike 7-9 per cent during the period because of limited capacity additions since the grounding of Jet Airways, rating agency Crisil Research said on Wednesday. Crisil also forecast domestic passengers traffic to […]
Why airfares are likely to go up in October
NEW DELHI: With the government imposing customs duty on aviation turbine fuel (ATF), airlines are likely to pass on higher costs to passengers as peak travel season is round the corner. Rising fuel prices, intense competition and inability to pass on spiralling expenses have been negatively impacting the domestic airlines. The latest decision to impose 5 […]