Flight ticket prices skyrocket as airlines reduce capacity

Mumbai: If you are planning on booking a last-minute flight ticket, be ready to pay through your nose. Airfares on trunk routes, connecting major metro cities, have risen 30-50% year-on-year, following the severe capacity reduction due to the grounding of more than two-fifths of Jet Airways (India) Ltd’s fleet, and a runway closure in Mumbai.

For instance, Delhi-Mumbai flight ticket price rose 48% on an annual basis to ₹5,849 in March, according to travel and hotel booking website Ixigo.

Ixigo data shows in March, the average one-way airfares between New Delhi and Pune rose 44% to ₹5,973, while those between New Delhi and Kolkata increased 42% to ₹5,678. The average fares between Mumbai and Hyderabad rose 35% to ₹3,228 and between New Delhi and Chennai it saw 34% increase to ₹5,382.