Sunday, October 23, 2011

Air fares to see 4-time surge in festive season

Lucknow: For an average flyer from Lucknow, a ticket to Delhi has been available in the in the range of Rs 1,500 to Rs 2,000. However, the cost of the same ticket is all set to escalate by four times, thanks to the festive season.
Not only Delhi, flying to other major destinations including Mumbai and Kolkata too is going to burn a deep hole in your pocket. Call it a fine business strategy balanced with the demand and supply, most of the airlines have decided to jack up air fares by next week.
Ironically, it was only a month ago that the Union civil aviation ministry had asked the directorate general of civil aviation (DGCA) to examine the issue and provide some relief to the passengers. The fare monitoring committee of the DGCA, set up a year ago, was already analysing the fare data on a daily basis.
Sources in the airline industry maintain that this is due to high passenger traffic. Also, the low-fare buckets were getting filled up swiftly, leaving only high fare options for the passengers.
"But at times there is a hype that causes a sudden rise in the prices and the airlines cash the opportunity. There are times when an earlier booked ticket come at a higher price than the one booked later," observed a Lucknow-based tour operator and travel agent, Prateek Hira. "The festive season does give airlines a bright opportunity to set their cash registers ringing," he said.
23/10/11 Times of India
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