The grounding of Boeing 737 Max 8 aircraft is having a direct impact on air passengers’ pocket in India as several airlines reported a steep jump in airfares following cancellations of multiple flights.
Reduction in seat capacity and increased demand due to the festival season has just added to the misery. Spot fares between key Indian cities have also reported a huge jump in wake of the Boeing 737 Max 8 crisis.
What We Know So Far
“Spot fares for Mumbai-Chennai are touching Rs 26,073 as opposed to Rs 5,369 the same time last year. High airfare patterns are expected to continue in the short term with Holi and summer school holidays around the corner, resulting in increased demand,” Aloke Bajapi, CEO and Co-founder, Ixigo was quoted by IANS.
Operations of airlines like SpiceJet and Jet Airways have been hit due to the government's Wednesday decision to join a global grounding of 737-MAX aircraft following a crash in Ethiopia.
(With inputs from IANS)