India has one of the best airfare regimes; there should be no ‘gouging’: Akasa Air CEO

India has one of the best airfare regimes in the world, but there should not be “gouging” in terms of ticket prices to take advantage of a particular situation, according to Akasa Air CEO Vinay Dube. His comments come against the backdrop of concerns about a steep rise in airfares in certain routes amid capacity reduction due to the Go First crisis and higher travel demand, and the government asking airlines to devise a mechanism to ensure a reasonable ticket pricing system.

India is one of the world’s fastest-growing aviation markets, and domestic air traffic is recovering strongly after the coronavirus pandemic.