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Spot Diwali airfares on key routes nosedive
Business Standard
|October 31, 2024
Spot airfares on major domestic routes have dropped by up to 32 percent for travel around Diwali, driven by subdued demand and a strategic shift in airline pricing.
Typically, airlines have promoted early bookings with lower fares, increasing prices closer to the travel date. Now, they're reversing this approach by charging more for early bookings and reducing fares as the travel date nears.
According to data from travel site Ixigo, the average spot economy fare on the Bengaluru-Pune route has fallen to ₹2,879 for travel between October 31 and November 3, down from ₹4,232 during last year's Diwali period of November 10-14, representing a 32 percent decrease in spot fares. These findings are based on bookings made one to three days before departure.
Diese Geschichte stammt aus der October 31, 2024-Ausgabe von Business Standard.
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