{"id":25558,"date":"2022-08-11T17:07:52","date_gmt":"2022-08-11T11:37:52","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=25558"},"modified":"2022-08-11T17:33:28","modified_gmt":"2022-08-11T12:03:28","slug":"indian-airlines-gets-boost-as-fare-cap-lifted-off-on-air-tickets-exclusive","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2022\/08\/11\/indian-airlines-gets-boost-as-fare-cap-lifted-off-on-air-tickets-exclusive\/","title":{"rendered":"Indian Airlines gets boost as fare cap lifted off on air tickets| Exclusive"},"content":{"rendered":"\n

A day after the civil aviation ministry stated it will remove the cap on flight ticket costs which was imposed 2 years ago due to the coronavirus pandemic, shares of Indian domestic airlines, Spicejet and IndiGo rose today.<\/strong><\/p>\n\n\n\n

InterGlobe Aviation Ltd <\/h2>\n\n\n\n

Shares of  IndiGo’s parent InterGlobe Aviation Ltd<\/a> rose as much as 2.3% to \u20b92084.6 while smaller SpiceJet Ltd jumped as much as 7% to \u20b947.9.<\/p>\n\n\n\n

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Aviationa2z.com<\/strong><\/figcaption><\/figure>\n\n\n\n

The government had set a minimum and maximum band based on the flight’s duration to prevent ticket prices from spiking once restrictions on air travel eased.<\/em><\/p>\n\n\n\n

The cap on fares will be removed from August 31, 2022.<\/h2>\n\n\n\n

\u201cWe believe this to be a positive move from the government. This arrives at a time when fuel costs are stabilizing (ATF price down 13% from last month) and demands inching back to pre-COVID levels. We believe that the low-cost carriers will resume maintaining attractive fares in lean travel times.<\/p>\n\n\n\n

However, with the festive season arriving up, higher fares could aid margins as fuel prices remain much above the pre-pandemic levels,” told Mansi Lall- Research Associate, Prabhudas Lilladher Pvt Ltd.<\/p>\n\n\n\n

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