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A Pile-Up of Grounded Planes May Drive Indian Airfares Up 20%

  • Debt woes, pilot shortages, ban on Boeing Max paring supply
  • Demand to be robust in coming months as school holidays start
General Images Of Indian Carriers As IndiGo May File IPO Prospectus

Photographer: Dhiraj Singh/Bloomberg

A pilot shortage for one. A cash crunch for another. And now the Boeing Max crisis. As Indian airlines ground plane after plane, passengers can expect to pay a lot more.

Airfares for domestic travel may rise by 20 percent heading into the annual school break, a prime time for families to travel, according to an online booking firm. “At least 50 planes are out of action owing to multiple reasons,” said Sharat Dhall, chief operating officer of the business-to-consumer segment at Yatra Online Pvt Ltd. “That’s an eight percent reduction of domestic airline capacity.”