Airlines to Decide Ticket Costs from August 31

SRINAGAR: The government has finally withdrawn the caps that on air tickets and permitted the carriers to decide the costs they choose, reports appearing in the media said. The caps were imposed at the resumption of air traffic after the Covid19 pandemic thawed ostensibly to prevent ticket prices from spiking.

After August 31, the airlines will now decide on the ticket costs both in the domestic and international sectors.

“The decision to remove airfare caps has been taken after careful analysis of daily demand and prices of air turbine fuel,” Aviation Minister Jyotiraditya Scindia, tweeted. “Stabilisation has set in & we are certain that the sector is poised for growth in domestic traffic in the near future.”

It remains to be seen how the air carriers walk the talk about the caps are removed. There is a possibility of the ticket costs going down to retain a better demand.

The ticket costs were up in the last few months. In comparison to early 2022, the ticket costs were up by 50 to 100 per cent, reports appearing in the media said.

This year the Srinagar airport has remained the busiest in history owing to better tourist arrivals. It remains to be seen how the government decision will change this sector. It gets almost 44 to 51 flights on daily basis in the first week of August.

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