The government on Tuesday said the cap on airfares would be removed from August 31, after a span of about 27 months and just ahead of the peak travel season and festival period.
“The decision to remove airfare caps has been taken after careful analysis of daily demand and prices of air turbine fuel (ATF). Stabilisation has set in and we are certain that the sector is poised for growth in domestic traffic in the near future,” aviation minister Jyotiraditya Scindia said on Twitter.
The civil aviation ministry order said: “After review of the current status of scheduled domestic operations viza-viz passenger demand for air travel…it has been decided to remove the fare bands notified from time to time regarding the airfares with effect from August 31, 2022.”
