Airfares have surged by 20-30 per cent on an average for metro routes as jet fuel prices have shot up and airlines are gearing up for a sharp hike in airport charges.
The upward spiral is expected to continue as Kingfisher Airlines (KFA) has drastically cut down its flights, which will reduce the stiff competition for passengers, which has been forcing airlines to keep fares low.
Airfares during peak hours on some metro routes have shot up by as much as 40 per cent. This includes Delhi-Mumbai, Delhi-Kolkata, Delhi Chennai and Delhi-Bangalore routes. Fares have surged between other metros as well. An airline official said that the hike in fares was required at this moment because commercial airlines cannot sustain the present airfare structure.
Aviation regulator DGCA too expects a hike in airfares after Kingfisher reduced its domestic operations and decided not to fly outside India from March 25. The economy class airfare for the Delhi- Mumbai route is as high as Rs11,859 for Thursday (March 22). Similarly, fares for other metro destinations during peak hours has risen.
22/03/12 Sanjay Singh/Business Today
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