Fares soar over 100% as airlines cancel flights
Air passengers face the grim prospect of high air fares and fewer flight choices as several airlines have cancelled operations for a number of reasons, including the grounding of the Boeing 737-MAX aircraft.
Industry insiders on Thursday pointed out that some sectors have shown a rise of more than 100 per cent in last minute bookings.
“With an unprecedented number of planes now grounded due to various factors, reduction in seat capacity has led to an increase in fares overnight. Last minute airfares on Wednesday increased to more than 100 per cent on some key routes like Delhi-Mumbai, Mumbai-Chennai, Mumbai-Kolkata and Mumbai-Bengaluru as compared to same time last year,” said ixigo co-founder and CEO Aloke Bajpai.
“Spot fares for Mumbai-Chennai are touching Rs 26,073, as opposed to Rs 5,369 the same time last year.”