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Centre tells Supreme Court new rules to curb festive airfare surge will be released soon
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CNBC Awaaz•16-10-2026, 12:58
Centre tells Supreme Court new rules to curb festive airfare surge will be released soon
- •The Central government informed the Supreme Court that new rules to curb arbitrary airfare hikes during festivals have received administrative approval and will be released within two weeks.
- •The Supreme Court directed the government to submit the published rules before the next hearing scheduled for November 16.
- •A PIL was filed in the Supreme Court against the sudden spike in ticket prices during festivals like Diwali, Chhath, and Holi, prompting judicial concern.
- •During peak festive periods, routes to destinations like Patna, Varanasi, and Lucknow have historically witnessed massive ticket price surges of up to 50 percent or more.
- •Following the government announcement and court proceedings, shares of InterGlobe Aviation, the parent company of IndiGo, slipped by over 2 percent.
Key Questions Answered
The Central government informed the Supreme Court that rules to curb the steep surge in airfares during festivals have been formulated and received administrative approval, with plans to release them within the next two weeks.
The Supreme Court directed the government to place the published rules before the court before the next hearing scheduled for November 16, 2026.
Following the news, InterGlobe Aviation shares experienced a decline, registering a loss of over 2% as the stock dropped during the trading session.
