Airfare Drop Diwali 2024: Air travelers can rejoice this Diwali season as domestic airfare prices have dropped significantly. A recent analysis by travel portal ixigo reveals that airfares have decreased by 20-25% on many popular domestic routes. The reduction is primarily attributed to increased airline capacity and a decrease in oil prices, making it the perfect time for travelers to book their Diwali vacations.
In this article, we will explore why airfares have dropped, the specific routes that have seen the biggest reductions, the impact of oil prices on the aviation sector, and how travelers can take advantage of these lower prices during the festive season.
Increased Airline Capacity (Airfare Drop Diwali 2024)
One of the major factors contributing to the drop in airfares is the increase in capacity. Following the suspension of Go First airline in 2022, capacity was limited, causing prices to soar. However, in 2023, airlines have expanded their fleets and added new routes, easing pressure on available seats and driving ticket prices down.
Falling Oil Prices
Another critical factor influencing lower airfares is the recent decline in global oil prices. Oil prices have fallen by approximately 15% this year, which has reduced the operating costs for airlines. This savings is now being passed on to consumers in the form of cheaper airfares, just in time for Diwali travel.
Significant Fare Reductions on Key Routes
Bengaluru-Kolkata Route: 38% Drop
One of the most significant price drops was observed on the Bengaluru-Kolkata route. Airfares have plummeted by 38%, bringing the average ticket price down from Rs 10,195 in 2022 to Rs 6,319 in 2023. This is excellent news for travelers planning to visit Kolkata for the festive season.
Chennai-Kolkata Route: 36% Drop
Similarly, the Chennai-Kolkata route has seen a 36% reduction in airfare, with ticket prices now averaging Rs 5,604, compared to Rs 8,725 last year. Travelers on this route can take advantage of substantial savings by booking their tickets in advance.
Mumbai-Delhi Route: 34% Drop
The busy Mumbai-Delhi route also experienced a notable 34% reduction, with prices dropping from Rs 8,788 to Rs 5,762. This makes it more affordable for travelers looking to visit India’s capital during Diwali.
Delhi-Udaipur: 34% Drop
If you’re planning to explore the scenic beauty of Udaipur, you’re in luck! Airfares on the Delhi-Udaipur route have dropped by 34%, bringing ticket prices down from Rs 11,296 to Rs 7,469 this year.
Other Routes With Significant Reductions
Other popular domestic routes that have benefited from a 32% drop in prices include:
- Delhi-Kolkata
- Hyderabad-Delhi
- Delhi-Srinagar
These reductions make Diwali travel more affordable, allowing more people to reconnect with family and friends.
The Impact of Oil Prices on Airfares
While falling oil prices have contributed to lower airfares this year, ixigo Group CEO Aloke Bajpai cautions that the trend might not last long. Geopolitical tensions are causing oil prices to rise again, and if this continues, we could see airfare increases in the coming months. As such, travelers are encouraged to book their tickets sooner rather than later to lock in the current lower prices.
Not All Routes Are Seeing Price Drops
Despite the overall reduction in airfares, some routes have actually seen price hikes. For instance:
Ahmedabad-Delhi Route: 34% Increase
Travelers flying from Ahmedabad to Delhi are facing a 34% increase in airfare, with prices rising from Rs 6,533 to Rs 8,758. This increase is an anomaly amid the general trend of lower prices.
Mumbai-Dehradun Route: 33% Increase
Similarly, the Mumbai-Dehradun route has seen a 33% jump in ticket prices, with fares rising from Rs 11,710 to Rs 15,527.
If you’re flying on one of these routes, it might be wise to compare prices across airlines or explore alternate travel dates to find a better deal.
How to Take Advantage of Lower Airfares
Book in Advance
One of the best ways to capitalize on these reduced airfares is by booking your tickets well in advance. The closer you get to the date of travel, the higher the prices are likely to be, so securing your tickets early can lead to significant savings.
Use Fare Comparison Tools
Online tools like ixigo, Skyscanner, and Google Flights allow travelers to compare airfare prices across different airlines. By using these platforms, you can easily identify the best deals and routes that suit your travel plans.
Sign Up for Airline Newsletters
Many airlines offer special discounts and promotions to their email subscribers. Signing up for newsletters can help you stay updated on flash sales and exclusive offers that may not be advertised elsewhere.
Consider Off-Peak Travel Dates
If your schedule is flexible, consider traveling on off-peak dates to take advantage of even lower prices. Avoiding peak travel days around Diwali could help you save even more on airfare.
Check for Baggage Fees and Add-Ons (Airfare Drop Diwali 2024)
While base ticket prices might be lower, make sure to check for additional baggage fees or other add-ons that could increase the overall cost of your trip. Some airlines may offer lower fares but charge for checked luggage, seat selection, or meals.
This Diwali, air (Airfare Drop Diwali 2024) travelers are benefiting from a perfect storm of increased capacity and lower oil prices, leading to a 20-25% drop in airfares on many popular domestic routes. Whether you’re traveling to visit family or explore a new destination, now is the ideal time to book your tickets and enjoy significant savings. However, with oil prices on the rise again, it’s best to book early to lock in the current low fares.
- Why have airfares dropped for Diwali 2023? Airfares have dropped due to increased airline capacity and a decrease in oil prices.
- Which routes have seen the biggest airfare reductions? Routes like Bengaluru-Kolkata, Chennai-Kolkata, and Mumbai-Delhi have seen significant reductions of up to 38%.
- Are there any routes where airfares have increased? Yes, routes like Ahmedabad-Delhi and Mumbai-Dehradun have experienced fare increases.
- How can I take advantage of lower airfares? Book in advance, use fare comparison tools, and consider traveling on off-peak dates.
- Will airfares remain low throughout the year? The current trend may change due to rising oil prices, so it’s best to book soon to secure lower fares.
