Sunday, September 15, 2013

Air fares skyrocket 55% in two weeks, biggest rise in 3 years

Mumbai: The past two weeks have witnessed the steepest airfare hike-55% on an average. This is the first time in three years that airfares have scaled so high in such a short span of time.
The hike is so brutal that even the diligent early birds who book their tickets months in advance have not been spared. So, to board a flight around November-end, a passenger booking an air ticket now would need to pay approximately 55% more than the passenger who was prudent enough to book the same ticket in the last week of August.
Data released on Saturday by an online travel portal compared advance purchase fares as they shot up over the past two weeks across six advance purchase categories, starting with tickets purchased a week in advance from the date of travel to those booked three months in advance.
15/09/13 Manju V/Economic Times