Last Updated: June 29, 2021, 0905hrs
Study on airfares over the previous years shows a negative slope during the months of June and July, but this year as the government regulated the airfares by limiting the lower price caps (15% hike) such a decline in airfares was not observed.
The drop in Covid cases across the country has brought about a spike in demand for air travel, and what was the cheapest fare, say on the Mumbai-Delhi route priced over Rs 10,000 even for travel late next month.
But for August, the cheapest return fare on a Mumbai-Delhi flight is Rs 4,600. A similar fare drop can be seen across most domestic sectors.
Among routes on which fares dropped considerably from August, compared to June-July, are those from Mumbai to Kolkata, Srinagar, Chennai, Kochi, Varanasi and Lucknow.
Some airlines have also announced monsoon sale.
The sale brings about the reason to book now but the uncertainty over the 3rd wave still remains. Airlines have considered that and in the monsoon sale, most airlines are offering one date change free depending on the sector and fare category, due to lockdown.