Indian flyers may have to wait longer for relief from soaring airfares, even after the festive travel rush subsides, as persistently expensive aviation turbine fuel (ATF), a weaker rupee and disruptions linked to the West Asian conflict continue to weigh on airline costs and available capacity.
While a moderation in passenger demand after the festive season could ease some pressure on ticket prices, a sustained correction will depend on fuel prices easing and geopolitical disruptions receding, according to Kinjal Shah, senior vice president and co-group head, corporate sector ratings, at ICRA.
