Domestic, Int’l Airfares Rise By 9%: Study


New Delhi – Domestic fares in India rose by 29% in the second quarter (Q2) of this financial year compared to that in Q2 last year, as the average overall ticket prices for both domestic and global travel rose by nine%, a study has shown.

“Airfares in India across domestic and international travel saw an overall price rise of 9% Quarter on Quarter (QoQ), with domestic fares within India witnessing a considerable increase of 29%,” the latest American Express Business Travel Monitor quarterly study said.

While the QoQ domestic fares rose by 29%, the year-over-year increase was 11%, it said.

The fares from India to Europe, Middle East and Africa (EMEA) region as well as Intra-Asia Pacific fares saw a five% rise, while those to the Americas overall witnessed a marginal increase of two%, it said. In the last quarter, India had observed a strong 5% rise in airfares for both Intra-Asia Pacific and EMEA destinations, with a significant hike of 13% in business class fares for Intra Asia Pacific travel QoQ.

But fares from India to the Americas saw a marginal increase of two% QoQ, while full business airfare to this region remained flat, the study for the quarter said.

American Express Business Travel Monitor tracks a set of round trip airfares originating in the Asia Pacific region to 370 city pairs across the world. Ten countries — Australia, China, Hong Kong, India, Japan, South Korea, Malaysia, New Zealand, Singapore and Taiwan, are covered.

Be Part of Quality Journalism

Quality journalism takes a lot of time, money and hard work to produce and despite all the hardships we still do it. Our reporters and editors are working overtime in Kashmir and beyond to cover what you care about, break big stories, and expose injustices that can change lives. Today more people are reading Kashmir Observer than ever, but only a handful are paying while advertising revenues are falling fast.



Observer News Service

Leave a Reply

Your email address will not be published.