Airfares are expected to fall by 40 percent in the coming months

Airfares are expected to fall by 40 percent in the coming months

After the Government of India’s decision to increase the number of flights, and restart regular international air travel from March 27 onwards, it is being said that airfares are most likely to fall by 40 percent. This, according to industry executives.

As of now, travel has begun to pick up after two years of COVID induced lockdowns, and restrictions. Airlines across the world are planning to increase their number of flights, expecting travel trends to pick up this year.

Lufthansa Airlines, and its group carrier Swiss International Air Lines, have decided to almost double flights in the coming months. Singapore Airlines too might increase flights by 17 percent, as per its executives. In India, domestic airline company IndiGo is hoping to resume its services with 100 global flights in the next few months.

India has been operating flights under the air bubble programmes that it has with other countries, since it has banned all regular international flights. Airfares in the past couple of months have skyrocketed since there is a limited capacity in airlines around the world. On some routes, the airfares went up to 100 percent higher.

Industry experts are of the view that by suspending regular international flights, we have a demand-supply imbalance at hand. International travel therefore has been very expensive under the air bubble arrangements. Now with airlines going back to normal, air ticket prices are set to decrease.

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