Air fares set to climb 10% this festive season

New Delhi: All those who are planning air travel in the next four months might have to shell out more for their tickets as high demand caused by strong financial markets, festive season and good economic growth are expected to push up air fares.
"Only when the traffic is lower, do the airfares go down. It is that time of the year when in-bound tourism and personal travel increase. So, air tickets could get costlier by 5-10% between November and February," said Vimla Dorairaju, head, Mahindra Home Stays and Travel Services.
Traditionally, monsoon months of July-September are considered a lean period for air traffic. This is demonstrated by the fact that while September witnessed an 11% growth in traffic at 39.11 lakh domestic passengers compared to the same month last year, this was less than 40.38 lakh passengers in August. But with the festive season round the corner, demand for personal travel has increased substantially. In addition, strong financial markets will lead to more spending and, in turn, boost corporate travel, too.
26/10/10 Anindya Upadhyay/Times of India

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Categories: Indian Aviation- In General Oct 2010