Airfares Likely to Moderate in Coming Months
According to aviation consulting organisation Centre for Asia Pacific Aviation, airlines are unlikely to maintain the current high fare levels, and fares are anticipated to drastically moderate in the following months. In its outlook for FY 2023, CAPA said that the impact of higher fares on demand has become visible in the past three months with traffic recovery slowing down. "Domestic traffic is expected to reach 130-140 million passengers, perhaps... Read More
