Turbulence in the Skies: Vistara Woes Cause Airfare Surge
April 16, 2024, 3:38 am
Location: United Arab Emirates, Abu Dhabi Emirate, Khalifa City
Employees: 10001+
Founded date: 2003
Location: India, Haryana, Gurugram
Employees: 1001-5000
Founded date: 2013
Total raised: $70.43M
Location: Malaysia, Selangor, Sepang
Employees: 10001+
Founded date: 2001
Total raised: $656M
Airfares in India have soared by 20-25% due to Vistara's troubles and a surge in travel demand. Vistara's operational challenges have led to flight disruptions, pushing passengers towards other airlines and driving up ticket prices. The holiday season and easing COVID-19 restrictions have added to the demand for air travel, creating a scarcity of seats and further inflating fares. While airlines may profit from this spike, concerns linger about the impact on travelers already facing financial strains from the pandemic.