Despite the domestic air travel market shrinking, airfares were high on various sectors over the weekend, with travel agents pegging the jump between 80 and 120 per cent.
According to travel agents, a Delhi-Mumbai return ticket was priced at Rs 30,000 over the weekend which is almost the same as the return fare between Mumbai and Dubai or Mumbai and Bangkok.
Even in sectors like Mumbai-Indore and Mumbai-Nagpur witnessed a record high in airfares for the Diwali weekend.
Travel agents maintain that a part of this increase can be attributed to Kingfisher, with a market share of 19 per cent, not being operational this year. This led to a reduction in the total number of flights and thus to higher fares.
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