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Rs 70k to Bengaluru but Rs 25k to London: Airfares explode amid massive IndiGo crisis; flyers rush for options – The Times of India

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Rs 70k to Bengaluru but Rs 25k to London: Airfares explode amid massive IndiGo crisis; flyers rush for options – The Times of India


Skip Bengaluru. Take a trip to Thailand instead. Or Vietnam. Or London. Or even Singapore. All at a much much much cheaper rate than Delhi to Bengaluru, Goa, Pune or Goa. But you cannot travel to Hyderabad, at least not on Friday, because the tickets are sold out. Ironically, IndiGo flight tickets are available.The situation arose amid IndiGo’s massive operational chaos which has led to the cancellations of hundreds of flights and widespread distress for travellers at airports nationwide. On Friday, the airlines cancelled all departures from Delhi till midnight.

Massive Outrage Over IndiGo Chaos, Over 600 Flights Cancelled In India’s Biggest Aviation Crisis

According to the DGCA, IndiGo acknowledged that it had severely miscalculated the number of pilots needed to operate its existing schedule under the new crew duty regulations.The flight ticket fares on Friday for Bengaluru, Pune, Lucknow and Goa, which usually ranges 10k-15k, depending upon the demand and the festival factors, stood at an average of 25k-30k.

70k for a Delhi-Bengaluru ticket?

A travel portal recently showed the fastest December 5 Delhi connection on Air India at around Rs 70,000 before it sold out; even after the price dipped to roughly Rs 32,000, it remained far above the usual Rs 10,000–15,000 range for that sector. And it’s just a one-way fare.The trend extended across domestic routes: the quickest Delhi–Goa Air India option was priced above Rs 56,000, Delhi–Pune fares were between Rs 30,000 and Rs 40,000, and Delhi–Lucknow tickets crossed Rs 20,000 on Air India Express, with IndiGo selling seats between Rs 9,000 and Rs 17,000.In sharp contrast, international routes appeared far more affordable. Delhi–London fares on Air India began just above Rs 25,000, while Lufthansa and Swiss were priced below Rs 70,000.Taking potshots at the situation, a social media user named Rocky Singh suggested going to Tokyo or New York instead of Bengaluru, given the fare situation.“Going to Bengaluru from Delhi on Air India ? DONT Go to New York or London Or Tokyo instead …. It’s cheaper,” he said.From Delhi to Thailand, Thai Lion Air offered tickets under Rs 10,000, SpiceJet stayed below Rs 15,000, and Air India remained under Rs 25,000. Delhi–Vietnam fares were under Rs 15,000 on Air India and around Rs 25,000 on Thai AirAsia X.“You get food poisoning, I will kill my grandmother,” said Vijaya Srivastava, a 25-year-old news writer, when asked about going to Thailand, given the fares for the day. Even Delhi–Singapore flights were cheaper, with Thai Lion Air under Rs 20,000, Batik Air around Rs 20,000, and Air India at about Rs 30,000.A flyer expressed concern over the situation over “Jodhpur to Bangalore Air India flight 1 lakh rupees”. “This is so unfair of airlines taking advantage of current situation,” Ankita said in a post on X.

IndiGo too nonchalant about it?

While the chaos has been caused by the IndiGo itself, the flyers cited lax management mechanism on the part of the airlines. “Flight radar was more credible source to find the flight status than the website itself,” said a flyer from Delhi, who faced a 7-8 hours delay for Bengaluru flight.Describing the 5am chaos, he said that “every departure gate was crowded with angry passengers who had been waiting from 6 to 8 hours.” There’s no option to cancel as the ticket fares are 3-4 times, so people just prefer to wait.,” he said.Another flyer from Ranchi noted ill management of takeoffs and landings saying, “Passengers had to wait for two hours inside the flight at Delhi airport as the bay area not empty.” “As tempers flared and some travellers began confronting the crew, the pilot said, ‘We are just as helpless as you are,” he said. “I can park the aircraft and offload only when we receive permission’,” the flyer recalled.“Indigo @IndiGo6E ‘s website has no mention whatever of the chaos, and still allows you to book, even for tomorrow between Bengaluru and Hyderabad (which I picked as two of the worst-hit airports). Shouldn’t they be prioritising moving stranded passengers across the country?” a user named Rahul Siddharthan said on X.“And Indigo is still selling tickets with huge margins. Hyd- Blore tickets normally Rs. 3000/- to Rs.4000/- being sold on their App for Rs.11,000/- plus. Even though they know their flights are being cancelled. This called “Make Hay while the sun shine,” another user, posting the screenshot said.

‘Monopoly’ concerns spark row

Leader of opposition in Lok Sabha Rahul Gandhi flagged the “govt’s monopoly model” saying that “it’s ordinary Indians who pay the price – in delays, cancellations and helplessness.”He called for a “fair competition in every sector, not match-fixing monopolies.”“IndiGo fiasco is the cost of this Govt’s monopoly model. Once again, it’s ordinary Indians who pay the price – in delays, cancellations and helplessness. India deserves fair competition in every sector, not match-fixing monopolies,” he said.Shiv Sena (UBT) MP Priyanka Chaturvedi took on the government calling out to “shut down the civil aviation ministry”.“I have submitted a calling attention. I was hoping that the civil aviation minister would give information in the Parliament yesterday itself, but unfortunately, that did not happen yesterday. He held a meeting late in the night and issued some directives, but what is the point of directives if so many flights are still being cancelled? If you are not responsible for rising airfares and passenger grievances, then shut down the Civil Aviation Ministry,” she said.





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Iran war: Oil prices jump above $100 for first time in four years

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Iran war: Oil prices jump above 0 for first time in four years



Major disruption to energy supplies threatens to push up prices for consumers and businesses around the world.



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Aramco scrips surge 4%, most in three years – The Times of India

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Aramco scrips surge 4%, most in three years – The Times of India


Saudi Aramco jumped the most since April 2023 on Sunday as the Iran war entered its second week, prompting supply disruptions that may send oil prices higher when global markets reopen. Shares of the state-backed oil giant climbed as much as 4.9% in Riyadh before paring gains to close up 4.1%, on the first day of trading for the stock since Brent crude prices topped $90 a barrel on Friday.Brent may climb further after UAE and Kuwait started reducing oil production amid a near-closure of Strait of Hormuz waterway, adding to interruptions affecting worldwide energy supply and exports. “For Aramco, we believe that the gain in oil prices would offset a decline in exports,” said Junaid Ansari, head of research and strategy at Kamco Investment Co. “We also believe that Aramco should be able to re-route a bulk of its shipments to the Red Sea. It’s just about logistics and handling the excess capacity.” Aramco has been redirecting oil cargoes to Red Sea facilities on Saudi Arabia’s west coast to avoid the Strait of Hormuz.



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Gold braces for volatile week as Middle East tensions escalate: Analysts | India Business News – The Times of India

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Gold braces for volatile week as Middle East tensions escalate: Analysts | India Business News – The Times of India


After witnessing sharp swings last week, gold prices are expected to remain volatile in the coming days as investors track escalating tensions in the Middle East and key global economic data releases, analysts said on Sunday.Market participants are likely to track developments in the conflict involving Israel and Iran, as any escalation could support safe-haven demand for bullion, while signs of easing tensions may trigger sharp profit booking in the market.“Focus will again be on developments in the Middle East. Any further escalation could be positive for gold prices, but signs of de-escalation may lead to sharp selling,” Pranav Mer, vice president, Commodity and Currency Research at JM Financial Services, told the news agency PTI.Silver is also witnessing heightened volatility, though it is currently in a consolidation phase, analysts noted.“Silver is trading with high volatility but remains capped due to consolidative movements in gold and industrial metals such as copper and zinc,” Mer added.In the domestic market, bullion futures saw sharp swings during the past week. On the Multi Commodity Exchange (MCX), silver plunged by Rs 14,359, or 5.08 per cent, while gold slipped Rs 470, or 0.3 per cent.According to Prathamesh Mallya, deputy vice president, Research (Non-Agri Commodities and Currencies) at Angel One, gold traded within a broad range of Rs 1.59 lakh to Rs 1.70 lakh per 10 grams last week.Geopolitical tensions, strong demand from Asian markets, continued purchases by central banks, elevated US Treasury yields and a firm US dollar are among the key factors currently shaping bullion prices, he said.Globally, silver futures on Comex dropped by USD 8.98, nearly 10 per cent, during the week, while gold prices declined by USD 89.2, or 1.7 per cent.Analysts noted that gold ended the week in negative territory as investors shifted towards alternative safe-haven assets such as the US dollar, Swiss franc and government bonds, even as ongoing geopolitical tensions helped limit deeper losses.Investors will also monitor key economic indicators in the coming week, including inflation and trade data from China, inflation readings from the US, Germany and India, as well as US consumer sentiment and the Personal Consumption Expenditures (PCE) price index, which could influence global growth expectations and monetary policy outlook.



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