Sat, 08 Dec 2012 10:00:00 GMT | By Hindu Business Line

Air fares shoot up ahead of year-end

KFA shutting down operations, rupee depreciation and hike in ATF fuel prices have all resulted in air fares going up by almost 40 per cent this year

Air fares shoot up ahead of year-end (© Reuters)

Mumbai: Haven’t booked your air tickets for year-end travel yet? Now is the time to make the plan quickly.

According to online travel portals and tour operators, air fares have already shot up by 25 percent for year-end travel and are expected to move up steeply in the next four to five days.

“If you book the tickets today, the jump in air fares now is around 15 to 20 per cent for year-end domestic travel. However, in the next four days it is expected to reach the pre-Diwali levels when air fares had shot up by 70 per cent,” said Sanjay Bhasin, Managing Director, Goibibo.

For instance, a Delhi-Goa return fare has already crossed Rs 21,000 for the year-end, which normally is between Rs 10,000 and Rs 16,000. The sectors that have seen high air fares are Goa, Kochi, Jaipur and Srinagar.

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