With cash-strapped budget carrier Go First filing for bankruptcy on Monday, airfares on routes where the Wadia Group entity had a significant presence are set to increase by at least 20% with peak travel season kicking in.
Domestic air travel has been hitting new all-time highs since this March and all airlines are reporting over 90% occupancy. It means that there are few unsold seats and those affected by Go First cancellations or now not booking this airline will have to shell out anywhere up to 20% more, TOI reported industry insiders as saying.
