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)

Next Story
Infrastructure Urban

Implementation Status of Jal Jeevan Mission

Since August 2019 the Government has implemented Jal Jeevan Mission to provide assured potable water through household tap connections in rural India. At the start of the mission only 32.3 million (mn) rural households, representing 16.7 per cent, were reported to have tap water connections. States and union territories have reported that 125.8 mn additional rural households have since been provided with tap connections. As a result, of about 193.6 mn rural households roughly 158.2 mn, or 81.71 per cent, are reported to have tap water supply at home.\n\nThe State, district and village level st..

Next Story
Infrastructure Urban

Jal Jeevan Mission Reaches Eighty One Per Cent Rural Coverage

The Government reported substantial progress under the Jal Jeevan Mission, launched in August 2019 to provide tap water to every rural household. At launch only 32.3 million (mn) rural households had tap connections and states and Union territories reported provision of 125.8 mn additional households by March 2026. Consequently, out of about 193.6 mn rural households around 158.2 mn, or 81.71 per cent, are reported to have tap water at home. The Finance Minister announced extension of the mission until 2028 in the 2025-26 budget speech. The Swachh Bharat Mission Grameen, launched in October 20..

Next Story
Infrastructure Urban

Empowering Local Governance for Sustainable Rural Water Supply

The Ministry of Jal Shakti has aligned the Jal Jeevan Mission (JJM) with the 73rd Amendment to strengthen village level planning and community ownership of water supply. Gram Panchayats, village water and sanitation committees and Pani Samitis are to plan, implement, manage and maintain piped water systems, with gram sabha processes formalising handover and oversight. Implementation support agencies including non government organisations, community based organisations and self help groups have been empanelled to train local committees and promote women participation. Under JJM, the department ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement