+
Average air ticket prices spike 9 pc in Jan-March 2024
AVIATION & AIRPORTS

Average air ticket prices spike 9 pc in Jan-March 2024

Average air ticket prices in India surged by 9% in the first quarter of 2024. This is attributed to a rise in travel demand and robust economic growth, as reported by FCM Travel, listed on the Australian Securities Exchange.

During the January-March period, premium class bookings experienced a notable 20% increase compared to the previous year, driven by sectors like manufacturing, IT, and conglomerates. Sunny Sodhi, MD, FCM Travel India, highlighted that while domestic air capacity expanded by over 3%, the heightened demand led to the 9% rise in average ticket prices.

Popular routes for business travel include Delhi to Mumbai, Mumbai to Delhi, and Bengaluru to Mumbai. With India poised to become the 7th largest business travel market globally, the aviation boom in the country is facilitating this growth.

Business travellers are increasingly willing to invest in a premium travel experience. Additionally, international air capacity has grown by 14%, with average international airfares decreasing by 15%, reflecting a global trend of declining yields across airfares.

(ET Infra)

Average air ticket prices in India surged by 9% in the first quarter of 2024. This is attributed to a rise in travel demand and robust economic growth, as reported by FCM Travel, listed on the Australian Securities Exchange. During the January-March period, premium class bookings experienced a notable 20% increase compared to the previous year, driven by sectors like manufacturing, IT, and conglomerates. Sunny Sodhi, MD, FCM Travel India, highlighted that while domestic air capacity expanded by over 3%, the heightened demand led to the 9% rise in average ticket prices. Popular routes for business travel include Delhi to Mumbai, Mumbai to Delhi, and Bengaluru to Mumbai. With India poised to become the 7th largest business travel market globally, the aviation boom in the country is facilitating this growth. Business travellers are increasingly willing to invest in a premium travel experience. Additionally, international air capacity has grown by 14%, with average international airfares decreasing by 15%, reflecting a global trend of declining yields across airfares. (ET Infra)

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code