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Airfares To Stabilise On Jet Airways Rescue


As after the stepping down of Naresh Goyal and his wife from the Jet Airways board, the distressed carrier has managed to clear part of the dues that it owed to aircraft leasing firms, clear salaries due to its pilots, it is expected that air fares which after the ban on Boeing 737 Max that have trended higher with the spot fares having risen by over 100% for some routes, will atleast stabilize.

Airfares To Stabilise On Jet Airways Rescue

Also, Spicejet is seen to lease some of the Jet Aiways planes. This clearly hints at capacity expansion which was dragged heavily down. And it comes at a time when requirement just ahead of the summer holiday season will rise sharply.

It is also provided that during the February month there has been capacity utilization of almost 80%, that is indicative of the fact that the industry is reaching saturation point in its capacity utilization.

But as when more of flights will provide service there will be less of pressure on the airlines and prices will come down, which for key routes such as Delhi-Mumbai saw a surge by almost 23% in the last 2 weeks.

Read more about: airfares jet airways spicejet
Story first published: Tuesday, March 26, 2019, 11:13 [IST]
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