The DGCA reportedly warned all airline companies of not increasing the air ticket fares beyong a given range approved by the DGCA. While speaking about the current condition of the aviation sector, DGCA chief E K Bharat Bhushan, said, "There are price bands. Probably, the airlines are operating on the highest bands...Some upward movement due to large-scale cancellations by a big airline (Kingfisher)."
Assuring people about the high-ticket prices, Mr Bhushan also added, "We are closely monitoring the fares. We keep nudging them (airlines) if they go beyond the price band."
Kingfisher recently has cancelled more than 200 flight in last two weeks which was followed by the cancellation of flights of IndiGo and Jet Airways.
However, DGCA had issued the showcause notice to Kingfisher and to other airline companies under rule 140 A of the aircraft rules for not taking prior approval before cancellation of flights.
Meanwhile, reports emerged that the aviation sector in India has been facing a massive loss from last few months due to rising cost of aviation turbine fuel. The country's biggest carrier, Air India accumulated losses of Rs 13,500 crore and country's second largest private sector airlines Kingfisher accumulated losses of over Rs 4,000 crore.