The Indian domestic aviation market has been dominated by only a few players, primarily Air India and IndiGo, resulting in reduced options and increasing ticket prices. With the shutdown of Go First and financial struggles of SpiceJet, the number of options for passengers has significantly decreased. This has led to a duopoly, making domestic emergency travel more difficult and expensive.
The lack of competition has given airlines the power to hike prices, especially for last-minute travelers. For instance, a one-way ticket from Mumbai to Delhi can cost as much as ₹25,000, making it difficult for those who need to travel under urgent circumstances. This is particularly challenging for business travelers, medical patients, and those with family obligations who require last-minute travel arrangements.
The Indian government can consider introducing policies to curb price increases and promote more competition in the market. New players like Akasa Air are increasing their network, but it will take time for them to catch up with IndiGo and Air India in terms of size. Enhancing price transparency and regulatory monitoring of airfare swings can also help alleviate the burden on passengers.
Ultimately, the future of the Indian aviation market depends on finding a balance between passenger affordability and airline profitability. With more competition, passengers may have better options and lower prices. However, as of now, the duopoly holds the reins, making domestic air travel in India a challenge for consumers.