https://www.taxtmi.com/news?id=63819 Surge in airfares followed large-scale capacity withdrawal after widespread flight cancellations linked to pilots' duty and rest period norms, producing extreme last-minute fares and industry allegations of profiteering. High market concentration with one carrier holding c.64-65% share was cited as amplifying price spikes, prompting calls for regulatory scrutiny and temporary fare capping to address alleged anti-competitive pricing and protect consumers. en-us Fri, 05 Dec 2025 21:46:04 +0530 Fri, 05 Dec 2025 21:46:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=63819 Surge in airfares followed large-scale capacity withdrawal after widespread flight cancellations linked to pilots' duty and rest period norms, producing extreme last-minute fares and industry allegations of profiteering. High market concentration with one carrier holding c.64-65% share was cited as amplifying price spikes, prompting calls for regulatory scrutiny and temporary fare capping to address alleged anti-competitive pricing and protect consumers. News - Fri, 05 Dec 2025 21:46:04 +0530 https://www.taxtmi.com/news?id=63819