The aviation industry is about to meet with the peak summer travel season and the ticket prices have already started hitting the higher end.
This comes as Vistara has announced to scale down its operations to 25-30 flights per day, making up 10% of its operational capacity. This too is pushing the ticket prices higher and higher.
According to an Indian Express report, the travel
Increasing airfares amid travel season
Seeing the decision taken by Vistara and its effect on the ticket prices, Yatra Online’s Bharatt Malik said there has been a “significant surge” in the ticket prices on some of the major domestic routes where Vistara has a strong foothold. He said, “We have observed a significant surge in fares, with prices skyrocketing by approximately 20-25 per cent across key routes such as Delhi-Goa, Delhi-Kochi, Delhi-Jammu, and Delhi-Srinagar.”
According to Bharatt Malik, Senior Vice President, Air and Hotel Business at Yatra Online, a “significant surge” has been witnessed in airfares on some of the major domestic routes where the airline has a strong presence. “We have observed a significant surge in fares, with prices skyrocketing by approximately 20-25 per cent across key routes such as Delhi-Goa, Delhi-Kochi, Delhi-Jammu, and Delhi-Srinagar,” Malik said.
According to an executive from another travel agency, although the Vistara flight cancellations might only be a temporary occurrence lasting a few months, any brief disruption contributes to the strain on the capacity-limited Indian aviation
What did Vistara say about scaling down its operations?
Releasing a statement on Sunday, Vistara said, “We are carefully scaling back our operations by around 25-30 flights per day, i.e. roughly 10% of the capacity we were operating.” The airline added that the reduction will take its operations to the level it had at the end of February 2024. This will give it “much-needed resilience and buffer in the rosters”, the airline added.
“In line with what we had said earlier, with this all the changes for the month of April 2024 have been done and the situation has already gotten better with our on-time performance improving for the last few days. Looking ahead, we are hopeful of stable operations for the rest of the month and beyond,” it further said.