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Low-cost carriers to gain from Kingfisher's exit: Experts
According to a newspaper report, airfares may increase by as much as 10 per cent from November onwards in the wake of the Vijay mallya-owned carrier's licence suspension.
The country's aviation regulator, DGCA, suspended the KFA's licence to fly after the latter was grounded by severe economic crisis.
Observers of the aviation industry feel that with the demand soaring during the festive season and an important player like Kingfisher out of the scene, the low-cost carriers are likely to take full advantage of the situation.
Experts feel airlines like Jet and Air India will not reap much benefit for their fares are already on the higher side. They expect fares on routes like Mumbai-Bangalore, Bangalore-Chennai and Bangalore-Goa are expected to shoot up for the Kingfisher was an active service-provider in these zones.
OneIndia News
