Airfares rise 30-100% against pre-pandemic levels: Thomas Cook

With a surge in domestic air passenger traffic, the airfares have risen by 30 per cent to 100 per cent of the pre-pandemic levels amid the festive season, a top Thomas Cook executive has said.

The domestic air passenger traffic increased around 67 per cent year-on-year in October.

Thomas Cook, however, expects the airfares to be levelled off going forward, as the domestic carriers operate with 100 per cent capacity.

After domestic traffic nosedived in May at 19.20 lakh month-on-month due to the virulent second wave of the pandemic, the traffic gradually returned to the growth trajectory in the subsequent months, reaching around 88 lakh in the previous month, credit rating agency Icra had said earlier this month.