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Price war in Indian skies threatens to erase carriers' gains from cheap oil

Wednesday, December 21, 2016 - 05:50

Vistara said that "lower fare buckets" were available after demand slowed down following a surprise government move in November to scrap high-value rupee bills from circulation.

New Delhi

AIR travellers globally are bracing for higher fares after OPEC decided last month to cut output. Not in India, the world's fastest-growing major aviation market.

Carriers cut fares in November, selling tickets about 12 per cent cheaper on average for Mumbai-New Delhi

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