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

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..