Naidu: Can't Cap Airfares Year-Round; Festivals Cause Spikes

• Union Civil Aviation Minister K Ram Mohan Naidu stated the government can cap airfares during extraordinary circumstances, like the recent IndiGo crisis.
• Naidu clarified that airfares cannot be capped year-round, as prices naturally spike during festive seasons due to high demand.
• A deregulated market promotes sector growth, competition, and ultimately benefits passengers, according to the Minister.
• The government intervened during the IndiGo crisis and Covid-19 to cap airfares and prevent "opportunistic pricing."
• Indian airfares have seen a 43% decrease when considering the Consumer Price Index and inflation, outperforming US and China.

Why It Matters: Government explains airfare cap limits, impacting your travel costs and holiday plans.