Once a little-known cabin with prices only marginally higher than standard 'economy', this intermediate offering has now become a major revenue generator for airlines.
According to aviation analytics firm Cirium, premium-economy fares have skyrocketed up to 128.6 per cent on major domestic routes like Delhi-Mumbai and Mumbai-Bengaluru since 2019. This surge far outpaces the up to 41.3 per cent increase in economy-class fares on the same routes, highlighting a remarkable turnaround for a service that airlines once struggled to promote.
Air India introduced the premium-economy class on select domestic flights this month, following the path Vistara blazed nearly a decade ago.
この記事は Business Standard の July 03, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Business Standard の July 03, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Creative ads drive brand sales, equity: Kantar
Creative advertisements that break the clutter are more likely to uplift short term sales for a brand, while also contributing to driving brand equity, says a new report from Kantar.
Champs' day out: From PM house to Mumbai streets
An ocean of humanity greeted the victory parade of the T20 World Cup winning Indian team in South Mumbai's Marine Drive as thousands of passionate fans gathered to catch a glimpse of their favourite stars, bringing the traffic to a complete standstill.
'Domestic flows will sustain, meaningfully' but not rise
The Sensex hit a record intraday high of 80,000 on July 3. GAUTAM SINHA ROY, chief of equity funds at ICICI Prudential Life Insurance, tells Puneet Wadhwa in an email interview that going forward, earnings delivery, which remains strong, would be the key driver for stock returns with some moderation in valuations possible. Edited excerpts:
Lupin stock hits 8-year high on robust earnings outlook
Firm has a bunch of products lined up which will ensure limited earnings dip in FY27: Analysts
Ireda's high valuation may limit further stock upside
State-owned Indian Renewable Energy Development Agency's (Ireda's) chairman and managing director Pradip Kumar Das has announced that the company has requested the government to allow it to carry out a follow-on public offer (FPO) as it will need further equity infusion to maintain the pace of growth.
Sebi Chair urges industry to report mischief in markets
Securities and Exchange Board of India (Sebi) Chairperson Madhabi Puri Buch on Thursday urged market participants and industry officials to report bad practices or mischief in the market to avoid a \"heavy hand\" from the regulator.
CJI advises Sebi, SAT to be cautious, pitches for more tribunal Benches
Chief Justice of India (CJI) D Y Chandrachud on Thursday advised market regulator Securities and Exchange Board of India (Sebi) and the Securities Appellate Tribunal (SAT) to exercise caution amid a significant surge in equity markets and pitched for more tribunal benches to ensure that the \"backbone is stable\".
Sensex ends above 80,000 for first time
Equity benchmark indices Sensex and Nifty ticked higher to close at fresh all-time high levels on Thursday, following buying in market heavyweights ICICI Bank, Infosys, and TCS amid a largely positive trend in global equities.
Q1earnings growth needs to catch up with mkt valuation
Analysts say disconnect between earnings growth and stock prices more visible in SMIDS
Equity rally pushes MF AUM near ₹60 trn
Second straight quarter of close to double-digit growth
