Year-end breaks this holiday season could get pricey as air fares continue their upward march. Top travel service providers told ET that fares are unlikely to come down as the demand-supply mismatch is likely to get skewed further.
IndiGo NSE -1.34 % CEO Ronojoy Dutta said fares in India will only go up due to high indirect taxation by the government and a steep cost structure due to rupee depreciation. He added that fares needed to be firm for the airline industry to survive after being devastated by the impact of the pandemic.
