Will Airfares Be Cheaper Now? What Top Aviation Industry Execs Say
NDTV
As many as 60 airlines from 40 countries can now fly to India during the summer schedule, which will be from today till October 29.
Regular international flights resumed in India today after nearly two years. For the last two years, international flights had been operating in an "air bubble" arrangement with several nations due to the COVID-19 pandemic.
Under the previous "air bubble" agreements, the number of flights was restricted to some 2,000 a week and ticket prices had soared high. As many as 60 airlines from 40 countries can now fly to India during the summer schedule, which will be from today till October 29.
Industry experts see this as a sign of hope and say that there could be some airfare relief for passengers. But the ongoing Ukraine war would also play a role. Fuel prices have risen steeply in the last month since Russia launched a military operation in Ukraine.
"Every time capacity is increased, airfares do head downwards. The only complicating factor this time is the war in Ukraine which is resulting in oil prices spiking," says Sanjiv Kapoor, incoming CEO at Jet Airways.
