International airfares soar as Jet Airways wobbles

NEW DELHI: For the past two months, Joel Fernandes (name changed on request) and his wife have been counting days to leave on a Scottish holiday this summer. They had bought Mumbai-London-Mumbai tickets on Jet AirwaysNSE -3.36 % and were supposed to leave on Monday. But now with the flight cancelled, Fernandes is wondering what to do as he had paid for his stay and internal travel, and made other bookings in the UK.

“Jet is not responding. If nothing works out, I may have to cancel this ticket and buy a new one at an exorbitant spot fare,” Fernandes said. Like this couple, there are thousands of flyers who have booked Jet’s international flights and have now been left in the lurch.