
Former Union Finance Minister P Chidambaram on Sunday took aim at the Centre for exorbitant airfares for business class by Vistara and Air India. Chidambaram said Delhi-Chennai business class flight on the two airlines was now 'very reasonable' at a cost of Rs 63,000 and Rs 57,000 respectively. He added that prices increase in India when demand increases, unlike other free market economies. Chidambaram also said that airlines were expanding routes, slashing flights on older routes, and raising prices.
"Delhi-Chennai Business Class air tickets on Vistara and Air India have been set at a 'reasonable' price of Rs 6300 and Rs 5700 respectively. Oops, sorry, they are set at a 'very reasonable' Rs 63,000 and Rs 57,000 respectively. In free markets, when demand increases, supply will increase," he said in a tweet.
"In India's free market, when demand increases, prices will increase. Airlines will expand their routes, curtail flights on old routes and jack up prices. India will be the Vishwaguru to the world on monopolistic capitalism."
After Chidambaram’s first-world problems became public knowledge, Twitter users asked him to consider flying economy. A user wrote: “Rs 63,000/Rs 57,000!!!! Stick to economy class. After all, it is
Another user said that he was waiting for Civil Aviation Minister Jyotiraditya Scindia’s response to Chidambaram. The user wrote: “I am waiting for Jyotiraditya Scindia’s reply, which is most likely to why do you travel by business class? Why not economy class? I am sure Mr P Chidambaram as a shrewd politician and professional would have checked economy fare also from Chennai-Delhi, which is around Rs 30,000 these days”.
Earlier this month, Scindia convened a meeting with the Airlines Advisory Group to discuss the issue of price surges on specific routes. Airlines were instructed to self-monitor airfares on select routes, especially those serviced by GoFirst previously. GoFirst recently filed for insolvency proceedings, leading to massive flight cancellations.
Sources told India Today that airfares are also dictated by operational constraints at airports. They also said that sectors with high demand like Srinagar, Leh, and Port Blair face constraints such as terrain, weather, and operating hours allowed by the Defence Ministry.
Also Read: IMD warns of extremely heavy rainfall in these regions till June 20
Also Read: RBI quashes reports of ‘mysterious disappearance’ of Rs 500 notes worth crores
Also Watch: Hot stocks for next week: Tata Steel, HUL, Raymond, Polycab India and more stocks in focus
Copyright©2025 Living Media India Limited. For reprint rights: Syndications Today