June 18, 2012
Indian carriers have proposed cutting airfares in the highest fare bracket on domestic routes by 5-20 percent, a government statement said on Monday.
"Whereas passenger traffic has seen a downward swing in May 2012 over the corresponding period of last month, the airfares have seen a disproportionate spurt," the statement said.
"Airlines have been directed to address the above issues in a time bound manner," the statement, issued after a meeting of the sector's regulator and chief executives of local airlines, said.
