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While ATF price has jumped 83% in Sept on a YoY basis, capacity deployed by airlines has also increased. Airlines flew 37% more flights and carried 50% more passengers last month compared to Aug '21
Prices lower by 20-25% on Akasa Air's three routes, discounts being offered even for close-in travel
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 government announced to lift the cap on airfares after over two years. Does it mean that we will have to shell out more for flight tickets? Will it lead to a price war? Let's find out
Shares of top airline IndiGo's parent InterGlobe Aviation Ltd rose as much as 2.3% to 2084.6 rupees while smaller rival SpiceJet Ltd jumped as much as 7% to 47.9 rupees
Akasa Air will connect four cities in its first phase of operations, with flights connecting Bengaluru and Kochi beginning on August 13 with two daily flights.
Aviation regulator DGCA has asked airlines to ensure that the airfares on metasearch engine websites are not higher than the ones displayed on the carriers' websites, a senior official said on Monday.
An executive from a European airline said loads have declined 30 per cent in the last few days
The government's move comes after the price of cancelling flight tickets has nearly doubled, according to reports, since 2016
A section of parliamentarians has been demanding capping of fares by the airlines