Airfares between India and UK have soared to the range of Rs 1.2 lakh to 1.5 lakh for flights within the remainder of August except for mid-September, Etihad, Turkish Airlines and Emirates charging much lower rates — between Rs 20,000 and Rs 35,000.
Fares shot up last week due to the sudden spike in demand after the united kingdom decided to maneuver India from its “red list” to the “amber” category, opening up the likelihood of Indians to visit the country without the mandatory 10-day hotel quarantine.
The rush led to air fares doping up from about Rs 50,000-Rs 70,000 before August 8 to between Rs 1,18,344 and Rs 1,48,355 for August, data collected by Moneycontrol from Air India, Vistara Airlines, Yatra.com, and EaseMyTrip.com showed.
Economy airfares drop a touch after August 25 to between Rs 96,042 and Rs 1,08,994, with about 10 available seats.
Fares fall significantly after September 1 to around Rs 44,143 and Rs 1,36,639 and fall even more after September 15.
As per the present data Etihad Airways, Turkish Airlines, and Emirates are offering the most cost effective flights between India and therefore the UK.
Etihad Airways’ cheapest flight to the united kingdom is currently on offer for around Rs 19,093 within the middle of September. Similarly, Turkish Airlines’ cheapest flight to the united kingdom is currently being offered for around Rs 33,679 and Emirate is offering its cheapest flight for around Rs 34,387 for mid-September.
Market experts said that prices of flights between India and therefore the UK are likely to fall to earlier levels by the top of August thanks to the new flights that are likely to start out operating soon.
“While airfares have risen to very high levels on the rear of low availability, most customers have completed bookings at prices less than the present rates,” a market expert from Goldman Sachs said. He added that the present rates are applicable for the previous couple of seats available on flights.
He said that the present airfares were unsustainable for patrons as bookings are unlikely to be completed at these levels.
Prices are expected to drop even more within the coming week because the Ministry of Civil Aviation on August 12 announced that it had increased the cap on special flights that operate between India and therefore the U.K. from 30 to 60 per week from August 16 onwards.
A look at the available economy class seats on flights between India and therefore the UK shows that the majority flights in August have limited seats available. Between August 13 and August 25, barely four to 5 seats are available and these are priced between Rs 1,18,344 and Rs 1,48,355, data complied by Moneycontrol showed.
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