Domestic airfares have jumped by 7.5 per cent year-on-year for Diwali holidays, compared to last year, as airlines cash in on holiday demand.
The highest increase of over 30 per cent is seen on the Delhi-Goa and the Mumbai-Goa routes for travel during the Diwali week in November, according to data compiled by booking portal Cleartrip. Other routes with a significant fare increase are Pune-Delhi and Delhi-Mumbai showing 19 per cent and 18 per cent rise, respectively. The average growth in fares across domestic network is 7.5 per cent.
Analysts expect holiday fares to inch up further closer to the travel dates, but airlines may still not be able to fully recover higher costs as fuel costs remain elevated. Read more