There is good news for those looking to travel by air this summer. Domestic flights will be 4-9% cheaper, so travellers can expect to pay less.
According to travel websites such as Yatra, Cleartrip and Ixigo, even though there has been a 20% increase in demand, fares will be lower than last year.
To elaborate, figures from Yatra.com show that there is a 5% drop in airfares, except in the Delhi-Mumbai sector, which has recorded a 12% rise.
Ixigo, a travel portal, released data which showed that from April to June this year, average domestic fares have dropped by around 9% compared to last year while international fares have reduced by around 19% on an average.
“There is an addition of capacity in airlines, along with competition, which has reduced rates. Plus, oil prices are more or less stable, keeping input costs lower,” said Sharat Dhall, COO, B2C, Yatra.com to The Times of India.
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However, flights between Mumbai and Delhi continue to be expensive because the runway has been shut down,” he said.
The price of airfare has not increased in the last two years, Dhall stated. Airlines such as SpiceJet, GoAir and AirAsia India are tapping into the demand and offering discounts, offering airfares under ₹1,600 and announcing deals for potential flyers. Nagpur, Chennai, Guwahati, Imphal, Pune and Bhubhaneshwar seem to be the destinations of choice.
“Apart from this being the peak time to book flights for the summer, this dip can be attributed to the intense competition among airlines, ongoing discount sales by airlines, OTAs (online travel aggregators) and travel aggregators,” said Aloke Bajpai, co-founder, Ixigo to TOI.
Travel operator Goomo is offering up to 20% discount for early-bird discounts. Jayatri Dasgupta, Head–B2C business, Goomo also spoke to TOI, and informed the publication that those who would travel in mid-May could look forward to deeper discounts.
“With discounts, airlines are looking to tap into the demand, which is 20% higher this year owing to two long weekends coupled with summer vacations. This attracts families with children as well as millennials who look to travel this season,” reaffirmed Jayatri.