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AIRFARE LIMITS
'Govt has no plans to regulate airfares'India's government has clarified that it will not regulate ticket prices for airlines under new rules. The new air fare regulations will al...- Charting the global economy: Inflationary pressures mount in USA broad upswing in consumer prices last month helps reinforce expectations for additional Federal Reserve interest-rate increases in the mo...
- US PPI inflation surges 1.3% as gasoline prices jump 20.3% - why are Treasury yields falling?US PPI inflation jumped 1.3% in September as gasoline prices surged 20.3%, marking the biggest monthly increase since March 2022. Producer ...
- Hidden cost of travel: Visa fees, card markups, optional tours and tips that can add 25-40% to budget; here's how to plan for themMany travelers fail to account for hidden costs while planning international journeys, often only considering major expenses. These overloo...
- Festive travel squeeze: Domestic airfares jump up to 68% as flight options narrowDomestic airfares on key routes have surged ahead of the festive and year-end travel season, with Delhi-Hyderabad fares up 68% year-on-year...
- High airfares could stick around even if jet fuel prices fallUS airfares could remain elevated even if jet fuel prices fall, as airlines adjust schedules and ticket prices only gradually after sharp s...
- Durga Puja travel alert for Kolkata flyers: October 16 tickets show a massive airfare spike, with some routes costing nearly twice as muchAirfares to Kolkata are set to surge around Durga Puja, with tickets for October 16 priced 71% higher than fares for the following week, ac...
- Manufacturing a bright spot; services presents a mixed bag: Upasna Bhardwaj, Chief Economist, Kotak Mahindra Bank"Despite the ongoing debate around the new GDP series, real GDP growth remained robust at 7.8% in the first quarter, highlighting the econo...
- Global Market: Bank of England seen holding rates as UK inflation climbsThe Bank of England is expected to hold its 3.75% benchmark rate for a sixth meeting despite UK inflation rising to 3.1% in August. Higher ...
- Festive fever checks in early: Hotel bookings, room rates rise as Indians plan longer getawaysHotels are experiencing a strong festive season with increased bookings and revenue. Travelers are prioritizing family experiences and loca...
- US inflation picked up as gas prices marched higher due to conflict in the Middle EastUS inflation held at 3.4% in August from a year earlier, while monthly consumer prices accelerated 0.4% as renewed Middle East fighting pus...
- Hotter producer prices strengthen bets on a Fed rate hikeUS producer prices rose, increasing rate hike expectations for the Federal Reserve. Traders now price a seventy percent chance of a quarter...
- Removal of airfare caps will help in offering discounted ticket prices: IndiGoThe country's largest carrier IndiGo on Wednesday said the removal of airfare caps will help airlines to increase their passenger load fact...
- Airfare bands protecting interests of airlines, passengers, says Aviation Minister Scindia"The fare bands serve the dual purpose of protecting the interests of the travellers as well as of the airlines, and have been revised from...
- Airfare cap, capacity to remain unchanged till May 31Till recently, the Centre had expanded the airfare cap by increasing the lower and upper limit.These fare bands came into force with effect...
- Flying to cost more as government hikes minimum domestic fares by 5%"It has been decided to extend both the 80% capacity cap and the fare bands by a month till April-end. However, due to rising cost of jet f...
- Consider capping air ticket prices: Parliament panel to govtAgainst this backdrop, the panel said the Civil Aviation Ministry should consider fixing an upper limit for every sector, especially in the...
- High Court asks ministry to consider plea seeking capping of airfaresThe bench asked the ministry to pass the order as per law and directed it to inform the petitioner about the decision.
- Parliament panel recommends fixing upper limit for economy class airfaresThe Committee received numerous complaints about high air fares and high charges levied by airlines and airports operators making it very e...
- MRTPC to probe uniform air fare hikeUniform airfare hike by all domestic airlines has come under the lens of MRTPC. The commission would investigate the alleged cartilisation ...
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