Latest Update – Average air ticket prices spike 9% in Jan-March period: FCM Travel
As domestic aviation capacity has expanded by more than 3%, average air ticket prices have increased by 9% as a result of increased travel demand.
Average air ticket prices spike 9% in Jan-March period: FCM Travel
According to FCM Travel, a company listed on the Australian Securities Exchange, average air ticket prices in India increased by 9% in the first quarter of 2024, mainly due to a general rise in travel demand and “much stronger” economic growth.
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Conglomerates and industries including manufacturing and IT drove a 20% increase in premium class reservations between January and March of this year compared to the same period previous year, according to FCM Travel.
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According to Sunny Sodhi, Managing Director of FCM Travel India, “domestic air capacity has increased by more than 3%, but because of the demand for travel, we have seen average ticket prices increase by 9%. This is attributed to a much stronger economic growth and a general increase in demand for travel.”
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