Tuesday, July 30, 2019

Intl flights cheaper as airfares nosedive

With increased competition on short international routes and a long weekend around the corner next month, flights to top holiday destinations for Indians like Bangkok, Singapore and Dubai among others have seen a drastic fall in the last week.
 Since Eid is on August 12 (Monday) and Independence Day three days later, search queries for international travel for a 4 to 5 day trip for that period have shown a 41 per cent increase, according to data collated by Ixigo. As per the travel website, average international fares have dropped by almost 40 to 45 per cent on these routes for August compared to the peak travel season in May.
 The sharp decline is mainly being attributed to tough competition home-grown carriers are giving each other. The average fare for a Mumbai-Bangkok flight which stood at Rs 20,163 in May, fell to Rs 10,363 in June, settling at a mere Rs 8,397 in July – a 58 per cent drop. 
The average Delhi-Bangkok fares have also reported a 54 per cent drop from Rs 16,740 in May to Rs 7,712 in July. Budget carrier SpiceJet also took on the money-making route on Mumbai-Bangkok flights in May, while market leader Indigo is launching flights on the route from August 22 with fares as low as Rs 9,299.
 30/07/19 Satish Nandagaonkar/Mumbai Mirror
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