Explained: Why have airfare bargains vanished?

Ragini SaxenaBloomberg
Aug 31, 2023 | 17:31 IST

A big reason is because IndiGo and Air India are set to control 89% of the Indian market — leaving consumers with fewer choices and hence pricier tickets

As India’s airline market transforms into a duopoly, ticket prices that have long known to be cheap are climbing.

Airfares on India’s busiest route, Mumbai–New Delhi, were 23% higher during January through August than 2022, according to Thomas Cook India and SOTC Travel. India also saw the highest airfare surge — 41% — in the region in the first three months of this year compared with 2019, a study by Airports Council International Asia Pacific found.
/business/india-business
Copyright © 2024 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service.