Airfares rose by 9 per cent, says study

Domestic fares in India rose by 29 per cent in the second quarter (Q2) of this financial year compared to that in Q2 last year, as the average overall ticket prices for both domestic and global travel rose by 9 per cent, a study has shown.

"Airfares in India across domestic and international travel saw an overall price rise of 9 per cent Quarter on Quarter (QoQ), with domestic fares within India witnessing a considerable increase of 29 per cent," the latest American Express Business Travel Monitor quarterly study said.

While the QoQ domestic fares rose by 29 per cent, the year-over-year increase was 11 per cent, it said.The fares from India to Europe, Middle East and Africa (EMEA) region as well as Intra-Asia Pacific fares saw a five per cent rise, while those to the Americas overall witnessed a marginal increase of two per cent, it said.

In the last quarter, India had observed a strong 5 per cent rise in airfares for both Intra-Asia Pacific and EMEA destinations, with a significant hike of 13 per cent in business class fares for Intra Asia Pacific travel QoQ.

But fares from India to the Americas saw a marginal increase of two per cent QoQ, while full business airfare to this region remained flat, the study for the quarter said.
American Express Business Travel Monitor tracks a set of round trip airfares originating in the Asia Pacific region to 370 city pairs across the world. Ten countries includes Australia, China, Hong Kong, India, Japan, South Korea, Malaysia, New Zealand, Singapore and Taiwan, are covered.