Govt Has No Plans to Regulate Airfares, May Cap Prices During Emergencies
· Business · Business Standard
The central government has clarified that it currently has no plans to regulate airfares under normal operating conditions. However, authorities may intervene to cap ticket prices during unforeseen emergencies or natural disasters. The aviation sector operates within a deregulated pricing structure designed to encourage market competition among airlines. Officials emphasized that price caps are strictly reserved for exceptional situations to protect passengers from exploitation. The report does not specify the exact threshold criteria or mechanisms that would trigger an emergency price cap.
Why it matters
Air passengers will continue to face market-driven dynamic pricing for routine travel, though they gain a safeguard against exorbitant fares during crises or emergencies.
Read the original report — Business Standard
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