Domestic airfares in India declined by 3 per cent in calendar year 2006 in spite of a 6 per cent increase in the fourth quarter of the year, a report said.
According to American Express' Business Travel Monitor, in contradiction to global trends, airfares on domestic routes in India were up 6 per cent quarter on quarter while reporting a decline of 3 per cent during the year.
The report said overall airfares (including both domestic and international) in India were up 3 per cent in the quarter but down one per cent in the year while globally, overall airfares in the quarter were down 1 per cent and up 3 per cent in the full year.
The biggest increase in India during the quarter was witnessed in full economy fares which grew 18 per cent, however, they were down 4 per cent in the year, the report said.
Globally, airfares dipped 1 per cent in the quarter, while increasing 3 per cent in the full year, it said.
"The flattening of airfare increase across the region for the final quarter of 2006 coincides with carriers operating a record number of flights to and from and within the region," American Express (India) Global Corporate Services VP Firdaus Mogul said in a statement.
Courtesy : Expressindia.com.
According to American Express' Business Travel Monitor, in contradiction to global trends, airfares on domestic routes in India were up 6 per cent quarter on quarter while reporting a decline of 3 per cent during the year.
The report said overall airfares (including both domestic and international) in India were up 3 per cent in the quarter but down one per cent in the year while globally, overall airfares in the quarter were down 1 per cent and up 3 per cent in the full year.
The biggest increase in India during the quarter was witnessed in full economy fares which grew 18 per cent, however, they were down 4 per cent in the year, the report said.
Globally, airfares dipped 1 per cent in the quarter, while increasing 3 per cent in the full year, it said.
"The flattening of airfare increase across the region for the final quarter of 2006 coincides with carriers operating a record number of flights to and from and within the region," American Express (India) Global Corporate Services VP Firdaus Mogul said in a statement.
Courtesy : Expressindia.com.