The report by travel portal ixigo gave Air passengers a reason to smile this Diwali season as it showed the average airfares on many domestic routes have dropped 20-25 per cent compared to the year-ago period.
The newly appointed Civil Aviation Minister, Kinjarapu Ram Mohan Naidu, outlined his priorities on Thursday, emphasizing the need to enhance the "ease of flying" experience. He expressed his commitment to making civil aviation more approachable and accessible to the common people of India.
Currently, airfares are neither established nor regulated by the government. The panel also reiterated its recommendation to exercise control over airfares being charged by the airlines.
The former finance minister P Chidambaram asserted in free markets, when demand increases, supply will increase, but in India's free market when demand increases, prices will increase.
Airfare on several flights has registered a massive surge ahead of the festive season. If experts are to be believed, the fare may rise further.
Govt withdraws airfare cap: The ministry said that after reviewing the current status of scheduled domestic operations viz-a-viz passenger demand for air travel in terms of the purpose specified in the initial order.
International airfares, if dropped, will benefit passengers in India. The travel industry has been urging the government for quite some time that foreign carriers be allowed to operate from cities other than metro airports.
As concerns persist on higher air ticket prices, the Directorate General of Civil Aviation (DGCA) Tuesday held a meeting with representatives of airlines, the official said. Airlines were advised to continue to monitor at their level and provide information to the DGCA to keep fares low as far as possible, he noted.
However, this is not the first time he has made the statement. In February, this year, he offered the same logic while speaking at a management conference in Indore.
Top routes like Delhi-Mumbai and Hyderabad-Delhi have seen a drop in fares by 38 per cent and 32 per cent respectively, stated the data shared by online travel portal Yatra.com.
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