41% surge in airfares likely to slow down industry’s long-term recovery
NEW DELHI: Air travel has become an integral part of people’s lives, offering convenience and speed when it comes to covering long distances.
In recent years, the Indian aviation industry has experienced significant growth, with a surge in the number of passengers opting for air travel. However, with this growth comes certain challenges, one of them being the frequent fare hikes imposed by airlines.
According to the Airports Council International (ACI Asia-Pacific), India has recorded the highest surge in airfares among other countries in the Asia Pacific and Middle East regions.
