Tuesday, December 12, 2017

Airfare offers: Ticket prices not as high as expected; Delhi-Goa, Mumbai-Goa rates rise, but New York, London trips rates fall

New Delhi: It is the festive season as Christmas and New Year are just a few weeks away. Just like every year both for domestic as well as key international locations, airfares tend to increase as tourists pay their visit to different holiday destinations across the globe. This year Delhi-Goa, Mumbai-Goa, Delhi-Kochi and Mumbai-Kochi flights have remained costly with an increase of 25 percent but tickets to New York, Washington and London are down by nearly 27 percent, as per data from Cox & Kings. The data shows that flights to International destinations like Bangkok, Dubai and Singapore are however costlier between 20 and 34 percent in December this year. According to PTI, the increase in network and fleet expansion by domestic carriers have caused flight tickets to not climb steeply.
The data reveals that Airlines like Indigo, Goair and Vistara have continued to expand their fleet through this year, which leads to more frequent flights, and lower fare offers to fill these up before the upcoming holidays. The flight tickets to the US, are down as many of the Gulf carriers are seeing a fall in load factors from their hubs. For almost all the Gulf carriers, India is the largest market either as direct connections or hub operations. Similarly, in Europe, the prices have not seen a sharp rise, where new carriers like Brussels Airlines, Alitalia have started operations, while Jet Airways is expanding its capacity in the India-Europe sector.
For domestic flights, during the Christmas week (December 22-26), a Mumbai-Goa ticket is up just about 2 percent, but for the New Year week (December 29-January 2), the same is up almost 21 percent, while Mumbai-Kochi for the same periods is up marginally 3.65 percent and 18.48 percent, respectively.
12/12/17 Financial Express