Surging Airfares: Spot Prices Skyrocket on India’s Busiest Routes, Reaching Up to Three Times Previous Rates
Airfares on India’s busiest routes have experienced an unprecedented surge in the past month. Factors such as the suspension of Go First’s flights and the influx of summer leisure travel have contributed to the significant increase in spot prices.
According to data from Ixigo, spot airfares on the Delhi-Pune route have soared by approximately 214%, reaching Rs 17,220 on June 1st, compared to Rs 5,469 on May 1st.
Meanwhile, the Delhi-Mumbai route, known as India’s busiest air route, witnessed a staggering rise. The average spot airfare on June 1st stood at Rs 18,654, a substantial increase from Rs 6,125 on May 1st, just two days prior to Go First’s exit.
However, for travelers purchasing tickets 30 days in advance, fares have only marginally increased, not surpassing 15%. In fact, some routes have even seen a decrease in fares for advance bookings.
The delicate balance between demand and supply is evident as the daily domestic flight count decreased by 4.6% in May, while the daily domestic passenger traffic experienced a minor decline of only 0.85%.
The aviation industry sources have disclosed that Indian carriers currently face a shortage of available aircraft to immediately introduce new flights.
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