Flight ticket prices set to rise as govt increases cap on air fare by up to 30%
Airlines will need to sell 20% seats below midpoint of the fare band on each flight.
(MINT PRINT)
The ministry extended the cap on airfare till 31 March
In the wake of coronavirus outbreak, the aviation ministry implemented a restriction on domestic airfare in May, 2020
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The flight tickets in India is set to rise as civil aviation ministry on Thursday has increased the lower and upper limits on domestic airfares by 10 to 30%. The ministry extended the cap on airfare till 31 March. In the wake of coronavirus outbreak, the aviation ministry implemented a restriction on domestic airfare in May, 2020. The domestic flights in India have a cap on fares with both an upper and lower limit.