Economy
Report Details Factors Behind Rising Domestic Airfares in India
The Hindu14h
THE BRIEF
1
Domestic airfares in India were nearly 30% higher in September compared to the previous year, according to the Consumer Price Index.
2
The surge is driven by higher aviation fuel prices, global oil market impacts, and rupee depreciation.
3
Additional factors include airspace restrictions, geopolitical tensions, airline capacity constraints, and dynamic pricing models.