Better flying means no airfare caps

India's government had enforced limits on airfares during the pandemic lockdowns to prevent a price war in the aviation industry. The controls were put in place due to the market's inability to set fares at the time. However, the caps were withdrawn less than a year ago as domestic and international travel resumed. The reintroduction of airfare caps would hurt the sector as the market currently has the capacity to price in capacity shortages.

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