New Delhi/Mumbai: The 2019 summer holiday travel season is expected to be marred by high air fares as debt-ridden Jet Airways gradually truncates flight operations, experts said. Even though the airline, lenders and the government are still hopeful of a revival, the current trend might see Jet operating a bare minimum fleet, thus bumping up air fares.

"The grounding of aircraft due to liquidity issues with Jet Airways and regulatory directive for the grounding of B737 Max aircraft have resulted in 15 per cent impact on the industry capacity," said Kinjal Shah, Vice President, Corporate Ratings, ICRA.