High airfares, thin traffic this festive season

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SummarySoaring airfares are set to puncture festive season bookings on airlines, as per initial estimates of travel agents and airlines

routes a week before departure in September 2013 is around R6,700, nearly 7% more than September 2012 and 66% more than July 2013.

The festival season is typically a profitable time for domestic airlines. “This year, things look a bit uncertain as there might not be a high amount of bookings,” said Rashesh Shah, an aviation analyst at Mumbai-based brokerage ICICI Securities.

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