Tuesday, November 15, 2016

Flight ticket sales dip 10% as travel plans take a hit

Indian carriers have reported a 7-10% drop in overall sales after last Tuesday's demonetisation move. While no airline official wanted to come on record, they all had a common thing to say: A significant number number of people who would be busy making plans for this peak winter travel season are now busy `handling' their high denomination currency .
It is primarily domestic ticketing that is hit as international travel plans are firmed up way ahead in advance.
"Pehle cash thikane lagana hai. Travel is a discretionary thing which can wait till the other, bigger issues are sorted out," said a senior airline official. The government move to make tickets purchased at airport airline counters using old Rs 500 and Rs 1,000 notes non-refundable, if cancelled, has slammed the brakes on that too as these sales had shot up after last Tuesday .
15/11/16 Saurabh Sinha/The Times Of India