Domestic airfares skyrocketed 41% in India, most among APAC, Middle East nations
India followed by United Arab Emirates, Singapore and Australia saw the highest surge in the Asia Pacific region even though airport charges have remained steady since the Covid-19 pandemic, a report by the Airports Council International (ACI Asia-Pacific) revealed.
According to the report, the markets that saw the highest rise in airfares were India (41%), United Arab Emirates (34%), Singapore (30%) and Australia (23%).
“Fuel prices and inflation were responsible for a significant portion of airfare increase and fuel prices went up 76% in 2022 compared to 2019. The airlines’ costs increased as the Consumer Price Index saw an average 10% increase over the same period. It revealed an increase in international airfares by up to 50%, while domestic routes went up by less than 10%”, the report added.
