Airfare

Airlines look at affordability, demand, availability and lots of other factors when pricing their flights s

Cooling fuel prices and rupee depreciation and rising demand could help the country's largest airline by market share to reverse successive quarters of losses

Indian airlines doubled their fares on metro routes, even as they incurred lower fuel costs. This may boost their earnings in H2 FY23. But, are these stocks still worth your money amid competition?

Airfares have jumped two to three times as compared to the normal times on non-leisure destinations

After the removal of airfare caps, there seems to be a mixed trend with lower ticket prices for routes having relatively lesser passenger loads, according to travel industry experts. More than two years after being put in place amid the coronavirus pandemic, the fare caps were removed with effect from August 31. The move also came against the backdrop of gradual recovery in domestic air passenger traffic. The average booking price has not changed much but there seems to be a mixed trend with certain sectors seeing drop in fares while some others witnessing a rise, as per the industry players. The country's largest airline IndiGo said the removal of airfare caps will give an opportunity to offer dynamic pricing and that there has been a consistent increase in the number of passengers over the last 5-6 months. The airline did not provide a specific answer on the airfare trends cap removal. Indiver Rastogi, President & Group Head, Global Business Travel, Thomas Cook (India) and SOTC

SpiceJet announced the reintroduction of 'SpiceLock', a unique service that allows passengers to lock their desired fare for 48 hours without name

Prices lower by 20-25% on Akasa Air's three routes, discounts being offered even for close-in travel

There will be no cap on air ticket prices from August 31, and airlines will have flexibility in fixing the airfares

Air India has selected technology company RateGain to provide its product called 'AirGain' that will assist in dynamically adjusting ticket prices with real-time, accurate and high-quality airfare data, a statement said on Wednesday. Tata Group-owned Air India maintains a fleet of 113 planes that operate over 500 daily flights, its statement noted. "AirGain offers actionable insights to quickly react to market price change and stay ahead of the competition through its scalable and intuitive analytical capabilities," it said. Airlines gain competitive intelligence by analyzing market data in real-time, it added. AirGain's ability to track historical trends and fare changes on the most-profitable routes makes it easy for revenue and commercial teams to stay on top of every market development, the statement said.

The fare caps were imposed on domestic airlines in 2020 during the pandemic

IndiGo, Vistara against limits; SpiceJet, Go First not on board

Union Civil Aviation Minister Jyotiraditya Scindia on Sunday said the expansion of air services on domestic routes was bringing down fares.

UK has included India in amber list from Sunday; passengers from India needn't undergo institutional quarantine, can self-isolate at home for ten days

On Thursday, the Ministry of Civil Aviation hiked the airfare price band on flights with 90 to 120 minutes of duration to Rs 3,900, up from Rs 3,500 earlier

The government has stated that the fare hike was necessitated due to the opening of the aviation market

The statement came during a case pertaining to airfare refunds for flights booked during the lockdown

The minister said the first band, which would have it's specific lower and upper limits of airfare, will consist of flights that are of less than 40 minutes duration

No food on board, carriers to provide safety equipment; passengers can only do web check-in, must have Aarogya Setu app in order to fly

He, however, said the government currently does not have any intention to regularise the fares

While the global economy is doing well overall and expected to grow a solid 3.6 per cent in 2020 a raft of uncertainties are set to put a damper on pricing, the report added