Flyers traveling to South Asia’s most populated country should expect to pay more for their next ticket. After Jet Airways suspended international service, aviation professionals are seeing an airfare increase as seats to Delhi disappear overnight.
If you’re planning a trip to India in the near future, expect your flight to cost more than ever before. The South China Morning Post reports airfare to Delhi and other major cities in the south Asian nation are projected to increase significantly.
The price spike is predicated on the collapse of Indian carrier Jet Airways. On Friday, April 12, 2019, the airline announced they would suspend international service, leaving thousands flying to Delhi and other points stranded.
At one point, the airline controlled one-quarter of the market in Delhi and nearly one-third of all available seats to Mumbai. The two major airlines now controlling international access to India are oneworld member Cathay Pacific and Star Alliance member Air India. With only two major airlines dominating seats to India, analysts expect ticket prices to significantly increase.
In recent searches completed by the newspaper, current pricing makes it cheaper to fly between Hong Kong and London than to Delhi. A flight to London in economy costs just under $880 – while that same seat to Delhi costs around $1,196.
“It’s bad for everyone,” travel agent Poonam Nanda told the South China Morning Post. “Indian aviation’s failure to compete internationally means their government will be reluctant to expand air services and encourage much-needed competition.”
Previously propped up with partnership from Etihad Airways, the airline is now only operating 20 aircraft. A report from the Times of India suggests the airline will not receive any bailout funding, leaving the company’s board of directors to decide its ultimate fate on Tuesday, April 16.
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