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

30 May 2024 CW Team

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)

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..