Indian Government Urges Airlines to Self-Regulate Ticket Pricing Amid High Fare Concerns
The Indian government, through the civil aviation ministry, has advised airlines to self-regulate and adopt moderation in pricing air tickets. This comes amid persistent concerns over high airfares during peak and festive seasons. The ministry emphasizes passenger interests and prevents fare surges during events like natural disasters.
In a bid to address concerns over high airfares, especially during peak travel seasons, the civil aviation ministry has urged airlines to self-regulate ticket prices. This was announced to the Rajya Sabha on Monday.
Minister of State for Civil Aviation Murlidhar Mohol highlighted the ministry's consultations with airlines, advising moderation in pricing to safeguard passenger interests. 'Airlines have committed to ensure fare stability during significant events like natural disasters,' he stated.
Despite Indian deregulation of airfares since 1994, the ministry continues to play a facilitative role in the industry, with the Directorate General of Civil Aviation monitoring airfares to prevent exorbitant pricing. The Indian aviation sector remains one of the fastest-growing markets globally.
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