Economy, Business And Markets

Airfares Expected to Decline in Iran

Airfares Expected to Decline in IranAirfares Expected to Decline in Iran

Iran's currency market has lost some of its fluctuating fervor in the past few days, leading to hopes that airlines will also bring down their skyrocketing prices, as some have already done so.
"If foreign currency prices [continue to] come down, plane ticket prices will also certainly come down proportionately," Morteza Dehqan, deputy for aviation operations at Iran's Civil Aviation Organization, told the official news outlet of the Ministry of Roads and Urban Development.
He noted that plane tickets used to be based on open market rates of between 38,000 rials and 40,000 rials for each US dollar last year, but now rates have gone much higher than 100,000 rials.


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