Why airfares are rising even as fewer Indians fly

Airlines are cutting flights faster than demand is falling, keeping planes more than 85% full and leaving passengers with fewer chances of cheaper fares.

Domestic passenger traffic, meanwhile, has lost momentum. It grew just 0.64% year-on-year in January-July this year, its slowest pace in five years. In July, traffic fell about 5% from a year earlier…

Originally published by Livemint. Read the full article →