New Delhi: Airfares have already gone up by as much as 35 to 40 per cent during the current festive season over the same period last year and are expected to go up further in the coming days till the peak season ends in mid-January.
A top DGCA official pointed out that airlines have been able to add only around 16 aircraft to meet the increased demand for air travel since Kingfisher Airlines' fleet of 64 planes was grounded in October last year.
The official said this has resulted in reducing excess capacity in the airlines industry that was exerting a downward pressure on prices. Of the 16 planes added to the fleets of Indian carriers since October last year, seven Boeing 787 Dreamliners alone were added to Air India's fleet which mainly fly on overseas routes. "This has helped domestic airlines in increasing their passenger load over last year," the official explained.
07/11/13 Sanjay Singh/Business Today
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A top DGCA official pointed out that airlines have been able to add only around 16 aircraft to meet the increased demand for air travel since Kingfisher Airlines' fleet of 64 planes was grounded in October last year.
The official said this has resulted in reducing excess capacity in the airlines industry that was exerting a downward pressure on prices. Of the 16 planes added to the fleets of Indian carriers since October last year, seven Boeing 787 Dreamliners alone were added to Air India's fleet which mainly fly on overseas routes. "This has helped domestic airlines in increasing their passenger load over last year," the official explained.
07/11/13 Sanjay Singh/Business Today
