Wednesday, May 31, 2017

Average airfares fall 18% last year, says Civil Aviation Min

Average airfares dropped 18 percent in 2016 and additional capacities can further bring down the fares, Union Minister Ashok Gajapathi Raju today said as he disfavoured the idea of capping ticket prices.

Scheduled airlines carried more than 10 crore domestic passengers in the year ended March 2017, an increase of around 19 percent compared to the same period a year ago.

Briefing reporters about the achievements of the ministry during the three years of the NDA regime, he said the aviation ecosystem has been reshaped for affordable and convenient flying.

The civil aviation minister said average fares in the country have come down by 18 percent in 2016. "Average airfare fell by 18 percent in 2016 over average airfare in 2015, making air travel affordable for everyone with unprecedented capacity enhancement in aviation system," as per a document released by the ministry at the press briefing.
30/05/17 PTI/Moneycontrol
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