Mumbai, May 28 (PTI) Average air ticket prices in India spiked 9 per cent in the first quarter of 2024, primarily on account of general increase in travel demand and “much stronger” economic growth, according to Australian Securities Exchange-listed FCM Travel.
At the same time, FCM Travel said there was a 20 per cent jump in the premium class bookings in the January-March period compared to the same period last year, driven by sectors such as manufacturing IT as well as conglomerates.
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“Domestic air capacity has increased more than 3 per cent but due to the demand in travel, we have seen average ticket prices increase by 9 per cent which is attributed to a much stronger economic growth and a general increase in demand for travel,”…
