price increase,” he added.
Analysts expect the airfares and ticket demand to remain high till mid of January when the lean season kicks in.
“A lot of airlines are now realising that there is no point to sell tickets below cost price, a practised they had championed earlier which led to artificial demand of air tickets,” KPMG India partner and head (aviation) Amber Dubey said. “What we are seeing now is very close to real demand.”
Meanwhile, the overall airline bookings at travel portals like Yatra and MakeMyTrip are expected to be 40-50% higher during September-November quarter, compared with last year, the portals confirmed. Many of these bookings have been done much in advance.
“The low-cost carriers have already expanded their domestic capacity for the coming winter schedule. Looking at the current market trend, even with the continuing high fares we are optimistic that air travel shall continue to rise especially with the festival season approaching,” Yatra.com president Sharat Dhall said.