For flight duration less than 40 minutes, the airfares are hiked to Rs2,200-Rs7,800 from earlier Rs2,000-Rs6,000. Meanwhile, for travel duration which is 180-210 minutes in India, the airfare has been raised to Rs7,200-Rs24,200 from the previous Rs6,500-Rs18,600, as per the ministry.
Currently, the domestic airlines capacity is allowed at 80% of a pre-Covid level, which is also extended till March 31. Notably, only Indigo which is the largest airline in terms of market share, has managed to deploy even 70% capacity of pre-Covid level compared to other airlines.
At around 2.36 pm, Interglobe Aviation (Indigo) was trading at Rs1634 per piece up Rs6.90 or 0.42%. The airline has touched an intraday high of Rs1704 per piece. Meanwhile, SpiceJet was trading at Rs90.60 per piece up 3.31% on Sensex.
Recently, Union civil aviation minister Hardeep Singh Puri has stated that domestic flights airfare caps may go when the summer schedule kicks in from April, in a reply to a question asked in Rajya Sabha. Puri states that capping airfares on domestic flights was an “extraordinary measure”, however, can be done away when airlines reach pre-Covid levels.