Flight ticket prices skyrocket as airlines reduce capacity
Grounding of several Jet Airways aircraft and Mumbai airport's runway closure reasons for severe capacity reduction
Airfares are expected to remain high till at least March-end, when the Mumbai airport will be fully operational
Mumbai: If you are planning on booking a last-minute flight ticket, be ready to pay through your nose. Airfares on trunk routes, connecting major metro cities, have risen 30-50% year-on-year, following the severe capacity reduction due to the grounding of more than two-fifths of Jet Airways (India) Ltd’s fleet, and a runway closure in Mumbai.