International airfares to and from India have risen sharply after Jet Airways temporarily suspended operations since April 17.
According to government sources, Jet used nearly 40 of the over 100 aircraft in its fleet for international flights all of which are now off the air.
According to John Nair, Head, Business Travel, Cox and Kings Ltd, suspension of Jet’s operations has led to an escalation in airfares across sectors, especially from India to Europe and the US.
“These long haul sectors were well-connected through hubs in London and Amsterdam, to onward points in US and the rest of Europe. The shortfall has led to foreign carriers operating on these sectors benefiting disproportionately from this sudden collapse of an airline. Airfares have shot up by anywhere between 25 per cent and 35 per cent on these routes,” he said.
