Airfares expected to rise 7-9% this fiscal; highest since 2013
Air passengers are likely to shell out the highest fares for domestic travel this fiscal with the ticket prices expected to spike 7-9 per cent during the period because of limited capacity additions since the grounding of Jet AirwaysNSE -1.94 %, rating agency CrisilNSE 0.23 % Research said on Wednesday.
Crisil also forecast domestic passengers traffic to grow 6-8 per cent in FY20, as against a healthy 19 per cent growth registered in the year ended March 2019, on account of non-revival of Jet Airways, which ceased all operations in April due to liquidity crisis and is now under insolvency proceedings.
