Good news for aviation: In a strong duopoly, hope soars for struggling SpiceJet
A week ago, Aviation Minister Jyotiraditya Scindia informed the Lok Sabha that the Civil Aviation Ministry has discussions with airlines over the airfares and these were advised to self-regulate and keep passengers’ interest in mind while fixing the fares, After deregulation of the aviation sector decades ago, the Indian government does not regulate airfares
The fares, Scindia explained, are also dependent on a number of factors such as the number of seats already sold on a particular flight, prevailing fuel price, capacity of the aircraft operating on the route, competition on the sector, season, value of INR against US dollar, holidays, festivals, long weekends, special events (sports, fairs, contests) etc.
