Overseas tour costs are expected to increase by at least 10 per cent more, thanks to the grounding of Jet Airways.
For passengers, air ticket price accounts for nearly half of the total cost for short-haul destinations like Dubai, Bangkok or Singapore while it accounts for around 35-40 per cent for Europe.
“This is peak travel season and there is a capacity crunch caused by cancellation of Jet flights. This has led to around 20 per cent escalation in fares. We expect 10 per cent increase in foreign tours costs,” said Rakshit Desai, managing director of FCM Travel Solutions. Jet suspended all its international operations last Friday leaving hundreds of flyers in the lurch. Till a few weeks ago, it was operating four times daily to London, thrice daily to Amsterdam, two flights to Paris, besides multiple ones to South East Asia and the Gulf countries.
