Business Today

Domestic, international airfares have risen 9 per cent: Study

Domestic fares in India rose by 29 per cent in the second quarter of 2012-13 compared to that in the corresponding query in 2011-12, as the average overall ticket prices for both domestic and global travel rose by 9 per cent.

BT Online Bureau   New Delhi     Last Updated: September 18, 2012  | 19:17 IST

Domestic fares in India rose by 29 per cent in the second quarter of 2012-13 compared to that in the corresponding query in 2011-12, as the average overall ticket prices for both domestic and global travel rose by 9 per cent.

The fares from India to Europe, Middle East and Africa (EMEA) region as well as Intra-Asia Pacific fares saw a 5 per cent rise, while those to the Americas overall witnessed a marginal increase of 2 per cent.

"Airfares in India across domestic and international travel saw an overall price rise of 9 per cent Quarter on Quarter (QoQ), with domestic fares within India witnessing a considerable increase of 29 per cent," the latest American Express Business Travel Monitor quarterly study said.

While the QoQ domestic fares rose by 29 per cent, the year-over-year increase was 11 per cent, it said.

In the last quarter, India had observed a strong 5 per cent rise in airfares for both Intra-Asia Pacific and EMEA destinations, with a significant hike of 13 per cent in business class fares for Intra Asia Pacific travel QoQ.

But fares from India to the Americas saw a marginal increase of 2 per cent QoQ, while full business airfare to this region remained flat, the study for the quarter said.

American Express Business Travel Monitor tracks a set of round trip airfares originating in the Asia Pacific region to 370 city pairs across the world. Ten countries - Australia, China, Hong Kong, India, Japan, South Korea, Malaysia, New Zealand, Singapore and Taiwan, are covered.

Youtube
  • Print

  • COMMENT
BT-Story-Page-B.gif
A    A   A
close