Big Change On Air Fare Rules: How This Could Impact Prices
NDTV
With no restrictions on fares now - both upper and lower limits have been removed - airlines may discount tickets, some say.
Airlines are now free to decide what to charge passengers; the government has ended the limits it had placed on airfares when the pandemic began. The decision to remove air fare caps has been taken after careful analysis of daily demand and prices of air turbine fuel. Stabilisation has set in & we are certain that the sector is poised for growth in domestic traffic in the near future. https://t.co/qxinNNxYyu
Airlines have been reporting large losses but some said that with no restrictions on fares now - both upper and lower limits have been removed - they may discount tickets to ensure that the volume of passengers increases.
"The decision to remove air fare caps has been taken after careful analysis of daily demand and prices of air turbine fuel. Stabilisation has set in & we are certain that the sector is poised for growth in domestic traffic in the near future," tweeted Aviation Minister Jyotiraditya Scindia.
