New Delhi [India], April 9
: As airfares reach unprecedented highs during peak seasons like festivals and summer holidays, industry leaders are calling on the government to implement measures to control the rise. The demand for regulatory intervention comes amid concerns over rising costs and the need to ensure affordable travel options. General Public Subhash Goyal, chairman of the travel and tourism committee of the Indian Chamber of Commerce, has made a strong appeal to the government to restore the upper limit on fares. Goyal blames various factors, including the recent crisis, for the skyrocketing prices. The suspension of Vistara and Go First operations is contributing to the imbalance of supply and demand in the aviation sector. In a statement addressing the issue, Goyal stressed, "Prices are always demand and supply.When demand increases and supply does not increase, prices rise. Free market economy does not mean that you start exploiting the consumer. He further said, “After Covid, the government had imposed an upper limit on domestic airfares. I believe the cap should be re-implemented because if the direct operating cost of an aircraft between Delhi and Mumbai is Rs 4000, you give them Rs 8000, Rs 12000, Rs 16000, 200-300 per cent profit. , but there must be an upper bound. Roof.Goyal stressed the essential nature of air travel in contemporary times, citing visiting dying relatives, seeking medical treatment such as cancer treatment and other urgent matters. He compared air travel to rail travel and said it was a luxury. Instead of has become a necessity. , As a result, they urged the government to intervene to impose an upper limit on airfares to ensure affordability and accessibility for all sections of the society. Goyal said, "People are traveling for cancer treatment, for all kinds of things, to see dying relatives. So just like rail travel has become essential, air travel has also become an essential, it is no longer a luxury, hence I strongly appeal to the government that there should be an upper limit on air travel, meanwhile, the rising cost of Air Turbine Fuel (ATF) is increasing the cost of fuel significantly, according to airline fuel retailers. This is expected to increase, which will require an increase in ticket prices to offset operating expenses. On 1 April, Indian Oil released updated figures, revealing a substantial increase.Aviation turbine fuel (ATF) prices in major metropolitan areas signal further challenges for an aviation industry already grappling with economic uncertainty, with a sharp rise in fuel costs forcing airlines to adjust ticket prices. This has increased concerns over the affordability of air travel for passengers. As per the latest oil data, ATF prices for domestic airlines in metros have seen a significant increase. In Delhi, prices have increased to ₹ 1,00,893.63 per kilolitre (Kl), while in Kolkata, they have increased to ₹ 1,09,898.61/Kl. Similarly, in Mumbai and Chennai, ATF prices have increased to Rs 94,466.41 per kiloliter (Rs 1). ₹04,973.36/Kl respectively.These price increases come at a time when the airline is already facing significant financial pressure due to various industrial challenges. For airlines operating on international routes, the updated ATF prices in dollars per kiloliter (KL) paint a similar picture of rising costs. In Delhi, the price stands at USD 918.01/Kl, while in Kolkata, it has increased to USD 956.91/Kl. Meanwhile, prices in Mumbai and Chennai rose to USD 917.28/Kl and US 913.83/Kl, respectively. ATF prices have been increased.Major metropolitan cities. In Delhi and Kolkata, prices for domestic airlines reached ₹ 1,00,893.63/Kl and ₹ 1,09,898.61/Kl, respectively, on March 1.
: As airfares reach unprecedented highs during peak seasons like festivals and summer holidays, industry leaders are calling on the government to implement measures to control the rise. The demand for regulatory intervention comes amid concerns over rising costs and the need to ensure affordable travel options. General Public Subhash Goyal, chairman of the travel and tourism committee of the Indian Chamber of Commerce, has made a strong appeal to the government to restore the upper limit on fares. Goyal blames various factors, including the recent crisis, for the skyrocketing prices. The suspension of Vistara and Go First operations is contributing to the imbalance of supply and demand in the aviation sector. In a statement addressing the issue, Goyal stressed, "Prices are always demand and supply.When demand increases and supply does not increase, prices rise. Free market economy does not mean that you start exploiting the consumer. He further said, “After Covid, the government had imposed an upper limit on domestic airfares. I believe the cap should be re-implemented because if the direct operating cost of an aircraft between Delhi and Mumbai is Rs 4000, you give them Rs 8000, Rs 12000, Rs 16000, 200-300 per cent profit. , but there must be an upper bound. Roof.Goyal stressed the essential nature of air travel in contemporary times, citing visiting dying relatives, seeking medical treatment such as cancer treatment and other urgent matters. He compared air travel to rail travel and said it was a luxury. Instead of has become a necessity. , As a result, they urged the government to intervene to impose an upper limit on airfares to ensure affordability and accessibility for all sections of the society. Goyal said, "People are traveling for cancer treatment, for all kinds of things, to see dying relatives. So just like rail travel has become essential, air travel has also become an essential, it is no longer a luxury, hence I strongly appeal to the government that there should be an upper limit on air travel, meanwhile, the rising cost of Air Turbine Fuel (ATF) is increasing the cost of fuel significantly, according to airline fuel retailers. This is expected to increase, which will require an increase in ticket prices to offset operating expenses. On 1 April, Indian Oil released updated figures, revealing a substantial increase.Aviation turbine fuel (ATF) prices in major metropolitan areas signal further challenges for an aviation industry already grappling with economic uncertainty, with a sharp rise in fuel costs forcing airlines to adjust ticket prices. This has increased concerns over the affordability of air travel for passengers. As per the latest oil data, ATF prices for domestic airlines in metros have seen a significant increase. In Delhi, prices have increased to ₹ 1,00,893.63 per kilolitre (Kl), while in Kolkata, they have increased to ₹ 1,09,898.61/Kl. Similarly, in Mumbai and Chennai, ATF prices have increased to Rs 94,466.41 per kiloliter (Rs 1). ₹04,973.36/Kl respectively.These price increases come at a time when the airline is already facing significant financial pressure due to various industrial challenges. For airlines operating on international routes, the updated ATF prices in dollars per kiloliter (KL) paint a similar picture of rising costs. In Delhi, the price stands at USD 918.01/Kl, while in Kolkata, it has increased to USD 956.91/Kl. Meanwhile, prices in Mumbai and Chennai rose to USD 917.28/Kl and US 913.83/Kl, respectively. ATF prices have been increased.Major metropolitan cities. In Delhi and Kolkata, prices for domestic airlines reached ₹ 1,00,893.63/Kl and ₹ 1,09,898.61/Kl, respectively, on March 1.
