New Delhi: The aviation regulator has asked airlines to keep a check on air fares amid a shortfall in capacity due to shrinking operations of Jet Airways (India) Ltd. and the recent grounding of the controversial Boeing 737 Max aircraft.
Officials of the Directorate General of Civil Aviation (DGCA) met airline industry executives on Tuesday to urge them to prevent an increase in ticket prices.
"Airlines were advised to continue to monitor at their level and provide information to the DGCA to keep fares low as far as possible," an official privy to the development said after the meeting.
Airline representatives told the regulator that they had shifted seat inventory from higher priced buckets to lower ones.
The regulator wants to ensure that the liquidity crunch that curtailed the operations of Jet Airways do not turn into an industry-wide crisis.
"The DGCA will continue to monitor fare movement on a daily basis and engage with airlines for appropriate action," the official said.