Jet crash-landing leaves tourism players worried

Mumbai, April 19

The grounding of Jet Airways has left the tourism industry a worried lot as it has led to an average 25% spike in airfares across the sectors leading to massive hotel cancellations, say industry experts.

Some key sectors like Mumbai-Hyderabad, Mumbai-Delhi and Delhi-Mumbai have seen the fares flying by 62%, 52% and 49%, while the Bengaluru-Delhi sector has had the lowest impact with a 10% surge shortly before and soon after the grounding of Jet, show Cleatrip.com data.

Financially struggling for months, Jet Airways decided to call it quits from Wednesday night, leaving 22,000 jobs at stake and inconveniencing lakhs of passengers both domestic as well as international as Jet was the single largest airline out of and into the country.

“The impact of grounding of Jet is not only restricted to the airlines as tourism has taken a beating due to the surge in airfares during the peak season. The impact is unlikely to fade away anytime soon,” Travel Agents Association of India (TAAI) president Sunil Kumar said. — PTI

Travel plans go haywire

• According to industry experts, the grounding of Jet Airways has led to an average 25% spike in airfares across the sectors, leading to massive hotel cancellations
• Some key sectors such as Mumbai-Hyderabad, Mumbai-Delhi and Delhi-Mumbai have seen the fares flying by 62%, 52% and 49%, respectively

"The impact of grounding of Jet Airways is not only restricted to the airlines sector as tourism has taken a severe beating due to the massive surge in airfares during the peak demand season"  — Sunil Kumar, President, Travel agents association of India