The festive season travel this year beat the previous high of 47.8 lakh — recorded in the summer holiday month of May 2010 (despite the Mangalore crash that month). With people taking to the skies like never before, flights filled up like trains. Airlines maintain that fares are demand-supply centric and as a plane gets filled up, its remaining seats are sold for higher fares. The slowdown years of 2008 and early 2009 saw big airlines like Air India, Jet and Kingfisher cutting their fleet sizes.
"There has been a demand-supply mismatch, with traffic suddenly picking up while the capacity of airline fleets did not rise at the same pace. Only low- cost carriers have been adding to their fleets in small numbers. So till the current peak season demand ebbs by mid-January, fares will remain on the higher side," said an airline official.
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