Indian Carriers Seek Fare Cap Removal Amid Rising Costs
Indian carriers seek the removal of fare caps as fuel prices rise due to the Iran crisis. The airlines warned that these limits threaten their financial viability.
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Major airlines in India are urging the government to scrap domestic airfare caps, warning that the current pricing restrictions combined with the ongoing crisis in Iran are threatening the industry's financial stability. The Federation of Indian Airlines (FIA), which represents major carriers including InterGlobe Aviation Limited, Air India, and SPICEJET LTD, cautioned in a private letter that failing to remove these limits could result in route cancellations and a freeze on fleet expansions.
