Tag: ixigo

Average airfares around Diwali drop 20-25% on many domestic routes

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Average airfares around Diwali drop 20-25% on many domestic routes

The maximum decline of average airfare is 38% for a Bengaluru-Kolkata flight to ₹ 6,319 this year from ₹ 10,195 last year, as per ixigo analysis. | Photo Credit: PTI Air passengers might have a reason to smile this Diwali season as average airfares on many domestic routes have dropped 20-25% compared to the year-ago period,…

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Global aviation struggles with lack of planes as summer travel set to hit record levels; leasing market booms in the U.S.

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Global aviation struggles with lack of planes as summer travel set to hit record levels; leasing market booms in the U.S.

Representational file image. | Photo Credit: AP The global airline industry is facing a summer squeeze, with travel demand expected to surpass pre-pandemic levels while aircraft deliveries drop sharply due to production problems at Boeing and Airbus. Air carriers are spending billions on repairs to keep flying older, less fuel-efficient jets, and paying a premium…

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Business