As the Diwali and Dussehra holidays approach, travellers are eagerly searching for deals on airfare, noted head of an online travel platform who said that there doesn't seem to be a clear pattern of widespread discount sprees across all airlines.
Ticket prices on major domestic routes are likely to ease as airlines take delivery of nearly 10 aircraft a month and the slack season for travel kicks in, industry experts and participants told Moneycontrol.
The reduction in jet fuel prices is too insignificant to pass on in view of continued high demand in the domestic market.
The new prices reflect the competitive landscape in India. The reduction in ticket prices is a positive sign for the airline industry, say experts.
Most airlines in India are in talks with oil marketing companies including Bharat Petroleum Corporation, Hindustan Petroleum Corporation, and Indian Oil Corporation and will sign supply agreements with OMCs by October.
On StubHub, a ticket to the September 10 final costs as much as $12,728, while seats are going for $5,682 on Gametime and $5,600 on Ticketmaster. In some cases, resellers are asking for astronomical sums for early rounds, too.
According to market experts and industry participants, ticket prices in India are most likely not going to fall due to high fuel costs, the depreciating rupee, and the struggling balance sheet of airlines.
E-tickets, especially for the sleeper and air-conditioned coaches, will have a service charge of Rs 20 and Rs 40, respectively
Growth in the number of travellers is also expected to even out to 8-12 percent, due to the steep flight tickets.
As things stand, the Railway Development Authority does not have statutory powers. This means it will remain an advisory body and can only recommend changes to the existing tariff, while the ministry will still take the final call.
A day after announcing its ticket prices at par with AC II of Rajdhani trains, National carrier Air India today came out with another lucrative offer for its passengers allowing enhanced free check-in baggage on its jumbo 747 flights operating on the trunk Delhi-Mumbai route.
Delhi Metro train commuters are likely to shell out more with a panel recommending a sharp increase of up to 66 percent in ticket prices.
Maharashtra today became the first state to sign an agreement with the civil aviation ministry to develop 10 almost non-functional regional airports/airstrips helping move closer to reality the Centre's ambitious regional connectivity plan.
Hotting up the low-fares war among airlines, SpiceJet today rolled out a new scheme offering base costs as low as Rs 444 on some destinations on its domestic network with a select booking period and limited number of seats.
To a query on whether capping airfare is a practical option in the context of free market principles, she said, "Let's see. We need to have discussions." The Directorate General of Civil Aviation (DGCA) would start making public from this month the highest fare bucket (or class) rates levied by domestic airlines.
The bookings for the three-day offer commence today. The fares, offered under the scheme are non-refundable and available only for a limited number of seats, the airline said in a statement today.
Soaring air-fares have led the civil aviation ministry to consider a proposal to cap ticket-prices in a range. The ministry is working on a mechanism to fix the a price-band with civil aviation minister Ajit Singh expressing concern over the sharp rise in fares.
PVR Ltd is eyeing EBITDA margin of 22-25% for FY12, with capex of45-55 screens by year end.