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Rs 20,000 For Delhi To Bombay! Why Flight Tickets Prices Are Witnessing Unprecedented Surge | EXPLAINED
Domestic flight ticket prices in India have skyrocketed, with some routes seeing prices surge four to five times their usual cost, particularly for spot bookings. This comes as demand for air travel is high due to the summer holidays in North India and the bankruptcy of Go First, India’s third-largest airline. There is no regulatory body in India to control airfares, which allows the deregulated sector to be driven by supply and demand. Civil Aviation Minister Jyotiraditya Scindia held a meeting on Monday to discuss surging ticket prices and suggested airlines develop a mechanism to ensure reasonable pricing.
Updated Jun 6, 2023 | 03:25 PM IST
Air tickets prices are soaring in India owing to the high demand for domestic air travel and abscene of Go First flights.
Photo : Twitter
New Delhi: If you like to travel by air frequently, then you must have witnessed a sudden and steep jump in flight ticket prices. All of a sudden domestic air travel is becoming unaffordable as the prices are soaring four to five times on the busy routes. What's more inconvenient and is actually very harsh for the commuters is the insane surge in the spot booking prices. Tickets booked on the spot or 24 hours before taking the flight are now burning a hole in the pockets of the common man. Four out of the five busiest routes are witnessing steep hikes in air ticket prices this month.
Delhi to Mumbai, which is one of the busiest routes in India, is witnessing spot fares touching Rs 20,000. Other routes are also experiencing a similar trend. Though tickets booked in advance are also soaring the surge is within limits but spot fare is something which is actually a matter of concern for people.
Why Air Prices Are Soaring?
In India, there is no regulatory body to control airfare as the aviation industry is a deregulated sector. Therefore, the industry is driven by the market forces of demand and supply. In the month of June, the demand for air travel is very high due to the summer vacations across north India.
Another reason for this steep surge is the bankruptcy of Go First Airlines. Go First, which is India's third largest airline was to operate over 1500 flights weekly between April to October. As the airline struggles to remain afloat people who had booked tickets with Go First are now scrambling to book a ticket on another airline which has resulted in an increased demand pushing the prices further. The absence of such a key player at a time when the demand for domestic air travel is skyrocketing is really hurting the common people.
What Civil Aviation Minister Jyotiraditya Scindia Said
The Civil Aviation Minister also cited Go First bankruptcy as another reason for the surge in prices of air tickets on certain routes. As the airline has cancelled its operations, that means there are lesser fleets to cater to the high demand in some routes, which may have resulted in this steep surge in ticket prices, Scindia further added.
Scindia on Monday held a meeting Airlines Advisory Group to discuss the issue of the rise in airfares. Scindia emphasised that airlines must self-monitor airfares on certain select routes that have seen considerable surge pricing recently, including those that were earlier being serviced by Go First - a mechanism for ensuring reasonable pricing within the high RBDs (Reservation Booking Designator) may be devised by airlines. This mechanism will be monitored by the Director General of Civil Aviation (DGCA).
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