‘Centre will re-evaluate airfare cap depending on ATF price movement’
Millennium Post Delhi|August 10, 2022
In May, Scindia had said that the fare cap acts as a protector for air travellers as well as airlines
‘Centre will re-evaluate airfare cap depending on ATF price movement’

NEW DELHI: The government will certainly re-evaluate the fare cap in place for domestic airlines once there is a healthier environment in terms of jet fuel prices, according to Civil Aviation Minister Jyotiraditya Scindia.

After the coronavirus pandemic rattled the country's civil aviation space, the sector is now in recovery mode, especially in terms of the number of air travellers and Akasa Air has also started services, becoming the first domestic carrier to launch operations in the last eight years.

Against the backdrop of lingering pandemic blues, the ministry has put in the fare cap system for the local airlines. Currently, the fare capping is applicable on a rolling basis for a 15-day cycle.

In an interview to PTI, Scindia said that as it stands today, the fares of airlines are not close enough to the low portion of the fare cap and are very far away from the high portion of the fare cap.

This story is from the August 10, 2022 edition of Millennium Post Delhi.

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This story is from the August 10, 2022 edition of Millennium Post Delhi.

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