Airfares down on some routes after aviation minister’s meet but still high

Domestic airfares registered a drop on several routes over the last week after the aviation minister, Jyotiraditya Scindia, asked airlines to put a leash on prices. As a result of this, while the prices have cooled down from the highs of last month, fares on several routes are still higher than what they were a year ago, The Economic Times (ET) reports.

Airfares skyrocketed last month as demand surged when GoFirst suspended its operations on May 3. The supply side struggled to keep up with the demand as some other carriers also grounded planes due to late engine deliveries, the ET report said.