Average fares jump over 65% on Boeing 737 MAX ban, says Yatra.com
Average airfares in India soared after the nation joined others in grounding Boeing Co.’s 737 Max jets, shrinking capacity in the world’s fastest-growing aviation market, where carriers have traditionally lured first-time flyers with ultra-cheap fares.
Average fares on 14 main routes jumped more than 65 percent on Thursday, compared with a year ago, data from online travel agent Yatra.com showed. In contrast, fares on average were up just about 30 percent on Feb. 12, when India was yet to decide on grounding the Boeing jets, the data showed.
Tickets from the technology hub of Bengaluru to the financial capital of Mumbai — a distance of just over 500 miles — were selling for 12,748 rupees ($180) on Thursday, compared with 8,643 rupees two days ago, according to Yatra.
