Air ticket prices likely to soar as Go First cancellations reduce capacity, says TAAI
The recent failure of Go First airlines could push airfares owing to reduced capacity, said travel agents’ grouping TAAI on Wednesday.
Bogged down by an acute financial crunch due to grounding of more than half of its fleet amid P&W engine supply woes, Go First has cancelled flights for two days starting May 3. The company, on Tuesday, filed for insolvency proceedings before the National Company Law Tribunal (NCLT).
