IndiGo and Spicejet hold on to fares in monopoly routes; newbie Air Akasa will be under pressure to capture market share.
The response comes amid a spike in air fares on various routes as the movement restrictions have been completely lifted and as fuel prices have surged.
The offer is applicable on bookings made till July 10 for travel between July 26, 2022 and March 31, 2023
Here's an overview of the spot airfares and flight prices trends between April 17 and 23.
The component of the fare covering security charge has been unchanged for the past ten years.
Airlines might not be "angels, but definitely they are not demons", Civil Aviation Minister Ashok Gajapathi Raju said amid concerns over arbitrary hike in air fares
RN Choubey, Aviation Secretary told CNCB-TV18 that government is in preliminary discussion with airline companies to regulate ancillary services and not capping air fares.
Instead of ministry officials reading them the riot act on high air fares, the chiefs of some airlines may turn the tables by requesting the government to put an end to what are commonly known as "One Rupee" fares
With air fares soaring again, fair trade watchdog CCI is gearing up for a fresh probe into possible cartelisation among airlines to jack up prices, and it wants to gather more details this time around.
Soaring air-fares have led the civil aviation ministry to consider a proposal to cap ticket-prices in a range. The ministry is working on a mechanism to fix the a price-band with civil aviation minister Ajit Singh expressing concern over the sharp rise in fares.
Charging most Indian carriers with "unreasonably" hiking air fares, a parliamentary panel has sought a probe against them and recommended that any increase in ticket prices should be approved by aviation regulator DGCA in the future.
Civil Aviation Minister Ajit Singh ruled out any move to regulate air fares saying the government only wants the system to be made transparent.
Steep operational costs and low air fares in India are causing sustained losses for domestic airlines, Jet Airways chief Naresh Goyal said today.
More than a month and counting, that's how long the Air India pilot's strike has lasted this time. For an already ailing national carrier the consequences are obviously serious. But even the common man is bearing the brunt with the strike pushing up air fares especially for flights to the Gulf, reports CNBC-TV18's Sunanda Jayaseelan.
Aviation analyst at Angel Broking Sharan Lillaney tells CNBC-TV18 that airlines need to hike prices by another 10-15% to make decent operating margins.
CNBC-TV18 catches up with GR Gopinath, managing director of Deccan Charter and Giorgio De Roni, chief executive officer of Go-Air to get a low-down of their expectations from the cabinet meet on FDI in aviation.
Shiv Kumar, vice president – finance of Jet Airways tells CNBC-TV18 that he is unsure if foreign players will want to foray into India due to the tough operating environment.