Airfares Likely to Moderate in Coming Months
Currently, the government controls airfares via lower and maximum fare caps that apply to bookings made 15 days in advance.
Highlights
- Airlines are unlikely to maintain the current high fare levels, and fares are anticipated to drastically moderate in the following months - CAPA
- CAPA said that the impact of higher fares on demand has become visible in the past three months with traffic recovery slowing down.
- When domestic air traffic resumed in May 2020 following a two-month Covid-led lockdown, the fare caps were put in place.
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