Domestic flight fares are probable to go high once domestic processes begin, whenever the civil aviation ministry gives a go-ahead to the airlines. According to reports, the aviation communal have already submitted their preparedness plan to the ministry. But what about the ticket prices? While professionals warn that there would a steep jump in the prices, here are a few things that you must know.
The Centre has plans to save fuel and time as finance minister Nirmala Sitharaman on Saturday announced that air space would be rationalized. Shorter routes will be taken to reach the same destinations. So, flying time would come down. Ultimately, had it been not even for COVID-19, ticket prices are sure to go up within two months as flying time will come down now.
The Centre is also emphasizing on the privatization of the airports which will translate into a trekked fare eventually. The government has dispensed a price cap and a floor to keep the fares under control, given that there will be an outpouring in demand that, if left to market forces, could cause fares to skyrocket. Moreover, 40 per cent of the tickets on any flight will have to be sold below the median price. Fare limits have been allocated into seven bands according to the flight duration. The Directorate General of Civil Aviation (DGCA) issued a set of fare buckets with the ceiling and floor for each band.
So, now if you want to board a flight get ready to pay more.