Sunday, March 10, 2019

IndiGo, Jet Airways airfares surge as 200 flights cancelled; Rs 20,000 for Delhi-Mumbai ticket

With two major carriers — IndiGo and Jet Airways — cancelling around 200 flights daily, spot fares (those booked 7-15 days before the date of travel) are increasing compared with the prices in January when the flight schedules were more or less normal. On key metro routes like the Delhi-Mumbai, spot fares have risen by up to 20% since January this year.

Fliers booking tickets within seven days of travel have to shell out over Rs 20,000 for a to-and-fro journey between Delhi and Mumbai, which is higher by around 20% compared with spot fares in January, according to data provided by Yatra.com.

Similarly, a Delhi-Bengaluru ticket will costRs 18,430 for travelling after seven days from the booking date — around 21% compared with January.

Analysts said spot fares have risen as IndiGo started cancelling around 30 flights daily since February due to shortage of pilots, which will carry on this month and the Jet fleet got depleted with several groundings due to non-payment to lessors.

According to government sources, around 200 daily flights are being cancelled by Jet. Directorate General of Civil Aviation (DGCA) said last week that Jet is flying with just 70 planes out of its 123 aircraft fleet size due to non-payment of dues by the airline to its lessors and lack of spares.
10/03/19 Arun Nayal/Financial Express

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