Airfares Likely To Increase After GoFirst Crisis

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Airfares Likely To Increase After GoFirst Crisis

| Updated: May 3, 2023 14:06

Go First filed for insolvency proceedings and cancelled flights which have raised concerns among travel agents about the impact on the airline industry. The move is expected to reduce capacity and may result in higher airfares on certain routes. 

Go First has been struggling with financial difficulties due to the grounding of more than half of its fleet, which was caused by issues with P&W engine supply. 

As a result, the Wadia group-owned airline has cancelled flights for three days starting from May 3. The Travel Agents Association of India (TAAI) has expressed concerns about the fragility of the airline industry, citing previous losses incurred by Kingfisher Airlines and Jet Airways. 

TAAI President Jyoti Mayal has also noted that the cancellation of flights by Go First comes at a time when there is a rising demand for air travel due to the holiday season. 

She anticipates that fares may go up in sectors where Go First was operating flights. With regard to booked tickets, Mayal has explained that refunds should be provided by the company, but if it goes into insolvency, the rules may be different. 

The TAAI has approximately 2,800 members, and Go First was scheduled to operate 1,538 flights per week during the summer schedule from March 26 to October 28.

Also Read: We Are In A Terrible Crisis: Go First CEO To Staff

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