Thursday, September 20, 2012

NEWS | Domestic, international airfares rise by 9 per cent: 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 overallticket prices for both domestic and global travel rose by nine 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 five per cent rise in airfares for both Intra-Asia Pacific andEMEA destinations, with a significant hike of 13 per cent in business class fares for Intra Asia Pacific travel QoQ. 


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