Kingfisher license suspension may increase airfares by 10%
Quotes

Kingfisher license suspension may increase airfares by 10%

Last Updated: Sunday, October 21, 2012, 21:49
 
 Comment 1
 
Kingfisher license suspension may increase airfares by 10%
Zeebiz Bureau

New Delhi: Get ready to buy an expensive air ticket this festive season. According to a newspaper report, air fares may go up by as much as 10% from November onwards due to Kingfisher Airlines’ license suspension.

Aviation regulator DGCA on Saturday suspended the flying license of the beleaguered airline company.

During the festive season, aviation industry sees a huge demand and with Kingfisher not in the market, low-cost carriers are likely to take advantage of the situation.

"The coming months would see fares rise slightly as it is the holiday season. But if one is to consider the impact of KFA's withdrawal from the market, airlines like Jet and Air India will not really benefit from the situation as their fares are already in the higher bracket. The low cost carriers will then have a window to increase fares," The Times of India quoted an aviation expert as saying.

Southern air routes like Mumbai-Bangalore, Bangalore-Chennai, Bangalore-Goa etc, where Kingfisher had been more active, are more likely to see fare hike.



First Published: Sunday, October 21, 2012, 11:28


Comments


comments powered by Disqus
Renault Kwid
Renault Kwid
Tata GenX Nano
Tata GenX Nano
2015 Indian Roadmaster
2015 Indian Roadmaster
Forbes 2015 Rich List
Forbes 2015 Rich List
Audi TT Coupé
Audi TT Coupé

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved