New Delhi: It won’t be feasible for the government to cap airfares round the year across the country, admitted Union Aviation minister Ram Mohan Naidu.

The minister said in Lok Sabha on Friday that a deregulated market ultimately benefits consumers and that ticket prices typically rise during the festive season. ADVERTISEMENT

“Airfares usually rise during the festive season because of increased demand on specific routes and at particular times. These fluctuations are seasonal, and it is not feasible to cap fares for an entire year on any given sector. Market demand and supply naturally regulate airfares on their own,” the minister said.

Naidu was responding to a private member’s bill which seeks regulation of airfares amid the unprecedented IndiGo crisis, which sent ticket prices soari

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