The non-stop 24 hour advance purchase airfare across the Delhi-Mumbai route has become one of the costliest domestic tickets in the world. The tickets are approximately priced at Rs 14,000.
The air fares among the busiest domestic routes in countries like the US, UK, Australia, China, South Korea, and South Africa are comparatively lower, even with a devalued rupee. Brazil had the most expensive domestic airfare across its busiest route Sao Paulo-Rio de Janeiro. The cheapest fare across this route is Rs 26,800.
Civil Aviation minister Jyotiraditya Scindia had said that fares on certain routes from Delhi have been considerably reduced by 14%-61%. This after the aviation ministry conducted an advisory meeting on June 6.
Following the void created by Go First flights cancellation, the spot airfares continue to trend higher on several routes across India. As per Mint, Spot fares on the Delhi-Leh route currently cost around ₹7,000 from ₹6,000 in the last week of April. Similarly, Delhi-Srinagar flights are priced at about ₹ 12,000 now, up from nearly ₹9,000 in last week of April.
Another important factor in the rise of airfare is the absence of a proper regulatory body that could control the price. The aviation industry mostly strives on the supply-demand market mechanism. Due to summer holidays in the most part of North India, the air fares are on a rise.