India wants cheaper air travel, but capping fares could hurt aviation industry
· economictimes.indiatimes.com
Airfare prices remain stable despite rising crude oil costs and industry growth. A Supreme Court case seeks to cap airfares and establish a consumer body. Price controls, like rent control, can lead to industry decline and shortages. The aviation sector needs policy to encourage expansion and new players. Focusing on attracting more airlines is key to affordable air travel.
In the mid-90s, it cost about ₹6,000 to fly between Chennai and Mumbai. In 2026, it's hovering around the same price.This, despite crude soaring to $85 a barr...