In the wake of the Ethiopian air crash, airlines and nations have been scurrying to ground the Boeing 737s, the model involved in the crash. It is expected that air fares may rise due to this in the weeks to come.
Since the crash, hundreds of the aircraft have been grounded and will predictably lead to an incline in fares. Moreover, airlines can no longer cater to as many passengers since the groundings of the aircraft relects a diminished capacity. Some airlines may have the capabaility to keep operations functional while some smaller ones may have to cancel flights to select destinations.
The countries that were largely under the scope of the aircraft may be the ones, which may be affected by the groundings.
Airfares will increase in those countries where the airlines were largely operating 737 Max fleet. The African and Chinese markets are more vulnerable to risks. Nations like the UAE, Kuwait, Oman, India have made the move for the airctaft to be grounded. Meanwhile, it is expected that FlyDubai may be forced to cancel as many as 15 flights on a daily basis. SpiceJet of India also announced the cancellation of 14 flights on Wednesday.