Thursday, October 29, 2015

Airfares reach record high prices around Diwali

Ahmedabad:If you are taking a flight to some place for a vacation this Diwali, be ready to shell out at least 40 to 150% more on air tickets. Airfares are at a record high for the festival of lights, with tickets for some destinations priced at triple their normal rates.
Airlines have what they call a 'dynamic fare system', which allows them to reconfigure the price mechanism and offer fewer seats in the low-price range.
"During most of the year, airlines operate flights to 60-70% of the capacity," said city-based tour opearator Bhavin Patel. "The upcoming festive season is no less than a golden opportunity for them."
A one-way economy class Ahmedabad-Kolkata ticket which costs around Rs5,500 - 7,000 during off-season, will cost more than Rs11,000 around Diwali. A similar rise in ticket rates for other destinations such as Goa, Pune, Chennai and Jaipur among others, has also been reported.
29/10/15 Piyush Mishra/Times of India
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