INSUBCONTINENT EXCLUSIVE:
Average airfare on the domestic routes have declined in the range of 20-25 per cent
Photo: Shutterstock2 min read Last Updated : Oct 13 2024 | 1:20 PM IST
Air passengers might have a reason to smile this Diwali season as
average airfares on many domestic routes have dropped 20-25 per cent compared to the year-ago period, according to an analysis.
Increased
capacity and the recent fall in oil prices are considered to be among the factors for the fall in air ticket prices.Click here to connect
with us on WhatsApp
The analysis by travel portal ixigo showed that average airfare on the domestic routes have declined in the range of
considered is November 10-16 while it is October 28-November 3 for this year
This is the time around Diwali.
The maximum decline of average airfare is 38 per cent for a Bengaluru-Kolkata flight to Rs 6,319 this year
from Rs 10,195 last year, as per the analysis.
The ticket price on Chennai-Kolkata route has fallen 36 per cent to Rs 5,604 from Rs
8,725.
The average airfare for Mumbai-Delhi flight has dropped 34 per cent to Rs 5,762 from Rs 8,788
Similarly, there is a 34 per cent decrease in ticket prices on Delhi-Udaipur route to Rs 7,469 from Rs 11,296.
The decline is 32 per cent
on Delhi-Kolkata, Hyderabad-Delhi, and Delhi-Srinagar routes.
"Last year, airfares around Diwali had surged due to limited capacity,
primarily driven by the suspension of Go First airline
However, this year we've seen some relief as additional capacity has been added since then, leading to a 20-25 per cent YoY (year-on-year)
dip in average airfares across key routes for the last week of October," ixigo Group CEO Aloke Bajpai told PTI.
According to him, the
decline in oil prices, down 15 per cent this year, may have also contributed to this downward trend, offering travellers more affordable
options during the festive season.
Currently, oil prices are slightly on the upward trajectory amid rising geopolitical
tensions.
Meanwhile, there has been a hike in airfares of up to 34 per cent on certain routes.
While the ticket price has jumped 34 per
cent on Ahmedabad-Delhi route to Rs 8,758 from Rs 6,533, the rise is 33 per cent on Mumbai-Dehradun route to Rs 15,527 from Rs 11,710, the
analysis showed.(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content
is auto-generated from a syndicated feed.)First Published: Oct 13 2024 | 1:20 PMIST
