Removing cap on airfares a much needed reprieve but won’t have much impact: Jitendra Bhargava
“The general apprehension is that since the cap has been removed, there will be a major spurt in airfares because airlines will be free to charge at their discretion. If airlines had that freedom to charge fares at this discretion, no airline would have collapsed, no airline would be losing money. The reality of the Indian market is that fares are truly market driven. You cannot fix fares. ”