Bengaluru: With several flight services offered by carriers, Jet Airways and SpiceJet, cancelled, airfares on available flights on major routes for
March and April have soared 10-20% compared to the same months last year.
Fares remain high till the end of April from Bengaluru to major cities, including Delhi, Mumbai and Kolkata. While several flights of debt-ridden Jet Airways were grounded due to non-payment to lessors, the recent Directorate General of Civil Aviation (DGCA) directive on Boeing 737 Max 8 planes also saw five planes of Jet Airways and 12 planes of SpiceJet getting grounded.
“With an unprecedented amount of planes now grounded due to various factors, reduction in seat capacity has led to an increase in fares overnight. Last-minute airfares in March have increased more than 100% on some key routes such as Delhi-Mumbai, Mumbai-Chennai, Mumbai-Kolkata and Mumbai-Bengaluru compared to same time last year. High airfare patterns are expected to continue in the short term with ongoing Holi festival and upcoming summer holidays, resulting in an increased demand,” said Aloke Bajpai, CEO and co-founder, Ixigo.
According to data provided by Ixigo, fares on the Delhi-Bengaluru route went up by 36% in March this year compared to last year while on the Mumbai-Bengaluru route, airfares doubled.
24/03/19 Times of India
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Fares remain high till the end of April from Bengaluru to major cities, including Delhi, Mumbai and Kolkata. While several flights of debt-ridden Jet Airways were grounded due to non-payment to lessors, the recent Directorate General of Civil Aviation (DGCA) directive on Boeing 737 Max 8 planes also saw five planes of Jet Airways and 12 planes of SpiceJet getting grounded.
“With an unprecedented amount of planes now grounded due to various factors, reduction in seat capacity has led to an increase in fares overnight. Last-minute airfares in March have increased more than 100% on some key routes such as Delhi-Mumbai, Mumbai-Chennai, Mumbai-Kolkata and Mumbai-Bengaluru compared to same time last year. High airfare patterns are expected to continue in the short term with ongoing Holi festival and upcoming summer holidays, resulting in an increased demand,” said Aloke Bajpai, CEO and co-founder, Ixigo.
According to data provided by Ixigo, fares on the Delhi-Bengaluru route went up by 36% in March this year compared to last year while on the Mumbai-Bengaluru route, airfares doubled.
24/03/19 Times of India
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