One-way airfare on the Delhi-Mumbai route has surged, making it one of the most expensive domestic flights in the country. Ticket prices range from Rs 14,000 to as high as Rs 37,000 for non-stop flights. This surge in prices is not limited to India alone, as airfares across APAC and the Middle East have also witnessed an upward trend.
Domestic airfare prices in India, particularly on the popular Delhi-Mumbai route, have seen a significant spike, surpassing the rising trend observed in the Asia-Pacific (APAC) region and the Middle East. Concerns among travellers have prompted an exploration into the factors behind this upward trajectory.
Several factors contribute to the soaring airfare prices. The impact of the COVID-19 pandemic has led to reduced flight capacities due to health and safety protocols. This limited number of flights available has created a demand-supply gap, resulting in higher ticket prices. Operational costs such as fuel prices, airport charges, and maintenance expenses have also played a role in driving up airfares.
As travel restrictions ease and passenger demand for air travel increases, there has been a surge in ticket bookings. However, the supply of flights has not kept pace with this rising demand, leading to limited availability of seats and higher fares. Some airlines have suspended operations or reduced flight frequencies due to the pandemic, further reducing market competition and allowing airlines more control over pricing.
The spike in airfare is not limited to domestic routes; international air travel has also witnessed a surge in prices. Limited flight capacities and increased operational costs have contributed to this increase. To address the issue, stakeholders in the aviation industry, including airlines and regulatory authorities, must work together. Increasing flight capacities, streamlining operational costs, and promoting healthy competition are essential steps to ensure affordable air travel options for passengers.