Pune: Spot fares soar 300% on aircraft shortage

Pune | Friday | 15th March, 2019

Summary:

Last-minute Pune-Bengaluru one-way fares have recorded a seven-fold jump when compared to last year. “While one airline has grounded 52 out of 119 aircraft due to internal issues, another had to ground 13 Boeing 737 MAX 8 aircraft. Fares for Pune-Hyderabad and Pune-Chennai flights too have increased around 300%.“With an unprecedented number of planes being grounded due to various factors, the reduction in seat capacity has caused an overnight increase in fares. Many people travel during Holi and March-end, but the unprecedented increase in airfares is likely to deter that,” Vijay Thakkar, owner, Hasmukh Travels said. Two carriers in the country had the aircraft on their fleet..