Domestic airlines, reeling under losses and severe cash crunch, have jacked up their fares by up to 40 per cent on key metro routes across both on the economy and business class. The airlines have hiked spot fares by 50 per cent and are likely to increase it further, said industry sources.
Advance fares in metro routes have been increased by 30-40 per cent and 10-20 per cent on the non-metro routes. Last-minute fares — prices of tickets booked seven days in advance — too have gone up by almost 50 per cent.
The fare-hike frenzy was started by a Mumbai-based budget carrier on last Saturday, and soon all airlines, including the state-owned Air India followed suit, said sources.
A one-way Mumbai-Delhi airfare, which cost Rs 3,000 on March 16 when purchased at least a fortnight in advance, now costs Rs 4,500 or more on most airlines, including budget carriers such as IndiGo, GoAir and SpiceJet.
20/03/12 Indian Express
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