Indian airlines seek fare cap removal amid crisis

A consortium of Indian airlines, including IndiGo, Air India, and SpiceJet, has urged the government to revoke existing fare caps. They warn of potential route withdrawals and delays in fleet and network expansion if the caps remain in place. The airlines cite operational challenges exacerbated by the current Iran crisis as a primary reason for their request. The imposition of fare caps since December has reportedly strained their financial viability. Removing these caps is seen as crucial for the airlines' ability to maintain services and invest in future growth.