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India's civil aviation ministry issued two directives this March that pulled in opposite directions. First, it mandated full refunds for cancelled flights. Three days later, it removed all caps on airfares. The trigger for the second move: the US-Israeli war against Iran has sent jet fuel prices soaring, up nearly 60% in the US, and India is bracing for the impact.
Airlines, already running on thin margins, are warning that fares will rise.
For Indian flyers, the net result is this: cancellations just got free but flights just got more expensive.
How did we get here?
Tune in.
Get your tickets for the first Zero Shot live event here.
Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.
Airlines, already running on thin margins, are warning that fares will rise.
For Indian flyers, the net result is this: cancellations just got free but flights just got more expensive.
How did we get here?
Tune in.
Get your tickets for the first Zero Shot live event here.
Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.
Creators and Guests
What is Daybreak?
Business news is complex and overwhelming. It doesn’t have to be. Every day of the week, from Monday to Friday, Daybreak tells one business story that’s significant, simple and powerful.
Hosted from The Ken’s newsroom by Snigdha Sharma and Rachel Varghese, Daybreak relies on years of original reporting and analysis by some of India’s most experienced and talented business journalists.