Airfares rise only a tad this festive season
MUMBAI: Airfares for the upcoming festival season starting October have inched up from their lows in September and are also higher than the same time last year, said airline and travel company executives. But a creeping slowdown in demand for travel will keep the fares reined in compared with the high levels of April-June when the grounding of Jet AirwaysNSE -2.23 % led to a capacity shortage that set ticket prices soaring, they said.
“Year on year, the current bookings for this year’s travel during the festive season (Diwali + Dusshera) is about 6% higher than last year,” said Balu Ramachandran, head of air travel business at travel portal Cleartrip.
