On some routes during the Diwali week (October 30 to November 5), one-way fare has already peaked to ₹20,000 and beyond.
While Mumbai-Patna is going for ₹20,074, BengaluruVaranasi is at ₹23,662 and Bengaluru-Patna a little shy of ₹30,000.
Among the other most expensive routes are Mumbai-Lucknow at ₹19,292, Pune-Lucknow ₹19,226 and Delhi-Guwahati ₹18,573.
On average, airfares on major domestic routes for the Diwali week have risen by up to 25 per cent year-on-year due to strong demand, limited capacity growth and new ticket Note: 1) While Diwali was on November 12 in 2023, it would be celebrated on November 1 in 2024. 2) These fares are for economy class tickets purchased 90 days in advance pricing strategy.
The average one-way fare on the Mumbai-Hyderabad route during this Diwali week is ₹5,162, which is 20.9 per cent higher compared to the same period last year (November 10 to November 16, 2023), according to data from travel website Ixigo reviewed by Business Standard.
Capacity crunch is playing out big time. Last Diwali, around 266 flights operated weekly on the MumbaiSource: Ixigo Hyderabad route. This time, airlines have scheduled 3 per cent fewer services on this route, according to airline executives.
Esta historia es de la edición August 13, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición August 13, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
WazirX Creditors Ask Firm To Speed Up Restructuring
In a recent townhall meeting, creditors of WazirX pressed founder Nischal Shetty and the restructuring legal team for solutions, seeking representation on the committee of creditors (CoC) and expeditious restructuring within four months, and asked for clarity on redistribution of potential gains from future crypto market upswings.
Used-truck prices spike up to 21%
With the government reviewing its vehicle scrappage policy, the price of used trucks has surged by up to 21 per cent in certain segments. The rise in used-market prices is also driven by demand from the government's infrastructure projects, say industry sources.
RAJASTHAN: Traders flag land, transportation woes ahead of summit
The Rajasthan government is gearing up for a three-day investment summit in December.
Chevron to sell stake worth $6.5bn to Canadian oil firm
Chevron Corp agreed to sell stakes in oil sands and shale assets in Western Canada to Canadian Natural Resources for $6.5 billion.
Surging Chinese stocks may advance another 20%, says Goldman Sachs
Goldman Sachs Group upgraded its call on Chinese stocks to overweight, as it joined a camp of optimists that are touting the positive impact of Beijing's stimulus blitz.
Ola EVs on a bumpy ride as social media takes stock
Comedian Kunal Kamra and Ola's Aggarwal engaged in a verbal duel on X
India's manufacturing under-performance: A new clue from 'multi-plants'
Perhaps the biggest failure of India's development and an equally big puzzle is why India has under-performed in labour-intensive manufacturing whether measured in terms of output, exports or employment.
Orders, input costs to keep cap goods on rails
Brokerages predict 12-22% revenue growth, 13-18% rise in Ebitda
Equity rally fuels fastest quarterly growth in MF assets in five years
Average AUM in Q2FY25 rises 12.3% sequentially to ₹66.2 trillion
Hero Motors withdraws papers for ₹900 cr IPO
Hero Motors, the auto components firm of the Hero Motors Company (HMC) Group, has withdrawn its documents for an initial public offering (IPO) worth 900 crore, an update Securities and with the Exchange Board of India (Sebi) showed on Monday.
