India to Lift Airfare Caps Amid Stabilizing Aviation Sector ...Middle East

India is set to remove temporary fare caps on domestic airline tickets, according to a government order seen by Reuters. This move aims to relieve financial pressure on carriers facing increased costs due to disruptions prompted by the Iran war. The fare caps, which take effect from Monday, were initially established in December following widespread flight cancellations from IndiGo, the market leader, driving up airfares across other airlines.

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