No Cap on Festive Airfares, Govt Urges Airlines to Keep Prices in Check
What Happened
The government has said it will not impose a cap on airfares during the upcoming festive season. However, K Rammohan Naidu, India's Civil Aviation Minister, said airlines are being urged to keep ticket prices at reasonable levels through regular consultations with the government. He also noted that rising aviation fuel costs due to the ongoing West Asia crisis have increased airlines' operating expenses.
Key Takeaways
Travellers may still face higher ticket prices during peak festival demand, but the government is relying on engagement with airlines rather than direct price controls. Fuel costs remain a key factor, with aviation turbine fuel accounting for around 40-43% of airfare costs.