Average airfares around Diwali drop 20-25% on many domestic routes
The Hindu
Enjoy lower airfares this Diwali season with a 20-25% drop on domestic routes, thanks to increased capacity and falling oil prices.
Air passengers might have a reason to smile this Diwali season as average airfares on many domestic routes have dropped 20-25% 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.
The analysis by travel portal ixigo showed that average airfare on the domestic routes has declined in the range of 20-25%.
The prices are for one-way average fare on a 30-day APD (advanced purchase date) basis.
For 2023, the time period 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% for a Bengaluru-Kolkata flight to ₹ 6,319 this year from ₹ 10,195 last year, as per the analysis.
The ticket price on the Chennai-Kolkata route has fallen 36% to ₹ 5,604 from ₹ 8,725.