New Delhi: Even before the holiday season has begun, all airlines have jacked up their fares on many busy air routes by 10-25 per cent over the past few days.
One reason for the high fares was that the airlines, including the no-frill carriers, were cashing in on the severely curtailed services of the ailing Kingfisher Airlines.
While a special cell of the Directorate General of Civil Aviation (DGCA) monitors air fares on a regular basis, officials said the fares were "not higher than the (price) band submitted by the airlines themselves".
The government argues that air fares were regulated by the market and not by it, though they could take action if the prices went above the submitted price bands.
18/04/12 Financial Express
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