If you are planning to book air tickets for your next holidays, and are worried about the extra money that you have to shell out because of booking tickets at the last minute, which is 15 days before their travel date, relax!
Turns out, booking air tickets last minute has become cheaper up to 52% as compared to last year, because of intense completion amidst airlines, excess capacity and lower fuel prices.
Yatra.com analysed the fares and came out with a conclusion that average fares for travel on all dates between June 29, 2016 and July 4, 2016, when booked on June 28, 2016, were cheaper by up to 50% as compared to fares booked during the same time last year.
“We are seeing a significant drop in airfares across sectors and this can be attributed to a reduction in oil prices by over 20% on a year-on-year basis, as well as a 7-8% increase in passenger capacity by the airlines. The drop in airfares has resulted in strong passenger demand which is up by 22% this year, resulting in increased passenger load factors and improved financial health of the sector as a whole,” Yatra.com president Sharat Dhall. Brian Boyle Jersey