Sharp spike in airfares after India grounds Boeing Max planes
By Niha Masih Niha Masih Foreign correspondent covering India Bio Follow March 15 at 7:01 AM NEW DELHI — Domestic airfares in India saw a sharp spike this week after the country grounded its Boeing 737 Max aircraft fleet in the wake of a crash in Ethiopia on March 10 that killed all 157 people on board.
Delhi-based aviation analyst Neelam Mathews said there was a “direct correlation” between the fare spike and grounded jets, as “less capacity meant fewer seats in the air.” Fares are likely to “stay high for the next three months,” said Kapil Kaul, chief executive of the Center for Aviation in South Asia. He said the demand was expected to be “robust” with elections due in April and May.
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