This news is for you if you want to travel home by air during Diwali. The good news for air travellers is that the average fare decreased by 20-25 per cent compared to last year. According to a report, prices have declined due to increased capacity and the recent drop in oil prices. Let us also tell you how much the fare has come down on which route compared to last year.
According to the report of travel platform Ixigo, the average airfare on domestic routes has come down by 20-25 per cent. These prices are for the average one-way fare based on 30 days advance purchase date. The period for 2023 in the report is November 10-16, while this year, it is October 28-November 3.
How Much Has The Fare Decreased On These Routes?
- This year, the average airfare for a Bengaluru-Kolkata flight has fallen 38 percent to Rs 6,319 from Rs 10,195 last year.
- The ticket price on the Chennai-Kolkata route has dropped 36 percent from Rs 8,725 to Rs 5,604.
- The average airfare for a Mumbai-Delhi flight has fallen 34 percent from Rs 8,788 to Rs 5,762.
- Similarly, ticket prices on the Delhi-Udaipur route have dropped 34 per cent, from Rs 11,296 to Rs 7,469.
- This drop is 32% on the Delhi-Kolkata, Hyderabad-Delhi and Delhi-Srinagar routes.
Why Did The Fares Come Down?
Alok Bajpai, Chief Executive Officer (CEO) of ixigo Group, said that last year, airfares had jumped around Diwali due to limited capacity, mainly due to the suspension of Go First Airlines. He said that additional capacity has been added this year, so the average airfare on major routes has come down by 20-25 per cent year-on-year in the last week of October. On the other hand, there was a decline in crude oil prices this year compared to the previous year. The effect of this has also been seen. Reducing crude oil prices greatly impacts the airline’s operational costs.
