ET Intelligence Group: Grounding of planes by Jet AirwaysNSE -2.92 % and safety issues of the Boeing Max 737 planes led to a sharp rise in the airfares for the February and March months, which is usually a lean period for the industry.
According to data outsourced from cleartrip.com, airfares for the metro and non-metro routes in two months to March 2019 increased by as much as 39 per cent and 24 per cent, respectively from January levels.
The average rise for metro and non-metro routes was 29 per cent and 9 per cent, respectively.
In the recent months, Spicejet had to ground 12 planes or 17 per cent of its fleet capacity after DGCA’s decision to ground all Boeing 737 Max planes. Jet Airways also grounded five Boeing planes. According to analysts, Jet has also cut over 20 per cent of its total flights due to financial crisis.
According to data outsourced from cleartrip.com, airfares for the metro and non-metro routes in two months to March 2019 increased by as much as 39 per cent and 24 per cent, respectively from January levels.
The average rise for metro and non-metro routes was 29 per cent and 9 per cent, respectively.
In the recent months, Spicejet had to ground 12 planes or 17 per cent of its fleet capacity after DGCA’s decision to ground all Boeing 737 Max planes. Jet Airways also grounded five Boeing planes. According to analysts, Jet has also cut over 20 per cent of its total flights due to financial crisis.
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