Fares ground Diwali air travel: Dip in festive rush as fuel costs keep prices up
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓IndiGo recorded a more than 10% drop in passenger numbers in eastern India during the Diwali week.
- ✓High fuel costs kept base fares up, discouraging many holidaymakers from flying.
- ✓Airlines scheduled 6% fewer flights across October and November.
Story at a Glance
- Category
- Indian Markets
- Reported By
- The Telegraph
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Illuminations on Amherst Street on Kali Puja. Picture by Sanat Kr Sinha
IndiGo recorded a more than 10% drop in passenger numbers in eastern India during the Diwali week compared with the previous week, aviation industry sources said. Air India, too, did not see the expected rush of fliers during the festival, keeping airfares below the levels they had reached a few years ago.
Before the Covid pandemic, last-minute one-way fares to Calcutta from some cities would touch ₹50,000 during Diwali, as Calcuttans working or studying elsewhere returned home. This year, fares barely crossed ₹20,000, reflecting the subdued demand during the festive period.
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The Telegraph
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