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Average airfares stay 10-15% high, more on non-metro routes
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SME Times News Bureau | 22 Apr, 2019
Airfares on domestic routes,
especially those connecting non-metro cities, remain high with
suspension of Jet Airways flights. The average ticket prices have gone
up in the range of 10-15 per cent across various sectors even as
airlines like SpiceJet and IndiGo have mounted additional capacity.
"The average fare level is higher... in the range of 10-15 per cent," an Air India executive said.
Ankur
Bhatia, executive director at diversified travel and hospitality major
Bird Group, said that the airfares had risen more in case of short-haul
routes such as Delhi-Dehradun on long weekends. But with induction of
capacity, the fare is returning to normal level, he said.
"In
coming weeks, once additional capacity is brought by SpiceJet and Air
India, the fare levels would come down further," Bhatia added.
Faced with severe liquidity crisis, Jet Airways this week suspended its entire operations causing massive reduction of capacity.
"Since
no emergency funding from the lenders or any other source is
forthcoming, the airline will not be able to pay for fuel orother
critical services to keep the operations going. Consequently, with
immediate effect, Jet Airways is compelled to cancel all its
international and domestic flights," the airline had said in an official
statement on April 17.
Sharat Dhall, COO (B2C), Yatra.com, said
that with Jet Airways discontinuing service temporarily, the Indian
civil aviation industry has taken a big blow as Jet has been a carrier
with a large fleet and the preferred choice for many travellers over
many years.
"Additionally, with the timing coinciding with the
peak summer travel period, demand is likely to be high across all
sectors. However, we have confidence that the industry will be able to
take on this increased demand with other carriers inducting more
aircrafts which should help rationalize airfares which are on the higher
side, particularly for last minute travel," he said.
Low-cost
carrier SpiceJet is expected to take 30 of the Jet Airways' grounded
aircraft on lease and deploy them on domestic sectors in coming weeks.
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