A pile-up of grounded planes may drive airfares by 20%
1 min read . Updated: 13 Mar 2019, 04:47 PM IST- At least 50 planes are out of action owing to multiple reasons, according to Yatra
- That’s an 8% reduction of domestic airline capacity
Mumbai: A pilot shortage for one. A cash crunch for another. And now the Boeing Max crisis. As Indian airlines ground plane after plane, passengers can expect to pay a lot more.
Airfares for domestic travel may rise by 20% heading into the annual school break, a prime time for families to travel, according to an online booking firm. “At least 50 planes are out of action owing to multiple reasons," said Sharat Dhall, chief operating officer of the business-to-consumer segment at Yatra Online Pvt Ltd. “That’s an 8% reduction of domestic airline capacity."
Clipped wings
Meanwhile, Indians just keep flying more. The sector recorded 46 straight months of double-digit growth through to June 2018, according to International Air Transport Association, keeping it on course to becoming the third-largest domestic aviation market by 2024.
With robust demand through the holiday season, Dhall says airfares have only way to go: Up.
This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed