Key Points
Increased capacity and a 15 per cent decrease in oil prices are major factors contributing to more affordable travel options.ANIRepresentative.
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..
The analysis by travel portal ixigo showed that average airfare on the domestic routes have declined in the range of 20-25 per cent...
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...
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Average airfares around Diwali drop 20-25 per cent on many routes
14, Oct, 24Increased capacity and the recent fall in oil prices are considered to be among the factors for the fall in air ticket prices.