✈️ Government removes Fare caps on domestic flight tickets ✈️
♦️ Aviation regulator DGCA announced that Airfare bands would be removed from 31 st August.
♦️ Now the Airfares will be driven by the market forces.
♦️ Initially, DGCA had directed the minimum and the maximum price band for air tickets.
♦️ Now, Airlines can decide the fares based on the factors such as fuel prices and the competitive environment.
♦️ Considering the current scenario, it is expected that the air ticket prices may increase a bit due to Aviation fuel prices.
♦️ This can be helpful in a competitive scenarios where companies will provide competitive pricing, which may help the customers.
It will be interesting how this development works for airline companies.
Disclaimer: The information mentioned above is only for educational purposes. Kindly contact your financial advisor before trading/investing 💰
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