look news india
A very shocking and important report is coming out for the Indian aviation sector and air travelers. If you also frequently travel by air and have a habit of booking flight tickets just a day before your travel date, then this news is very important for you. Recently, a detailed data analysis conducted on 54 major domestic air routes of the country has revealed that the additional fare charged on last minute booking of tickets varies on each route. While on some busy and heavily frequented routes, there was a slight difference in the fares a day before and a month ago, on many important routes with less flights, passengers had to pay a huge extra payment of more than double i.e. up to 120 percent. Let us know in detail on which routes last minute booking is becoming the most expensive and on which routes passengers have got relief.
Complete mathematics of Airline Price Index: How last minute fares are decided
The data of ‘Airline Price Index’, prepared to understand the convenience of passengers and fluctuations in airfares, makes many interesting revelations. In this particular analysis, airfares for the day immediately prior to travel are compared using a base value of 100, and fares for all other days are calculated on this basis.
For example, if the index for booking 30 days in advance on a particular route is recorded as 45.4, it simply means that a passenger who booked a ticket a month ago has spent less than half of what he did on the last day. This index is not based on just one day’s fluctuations, but is a comprehensive summary of long-term trends and average advertised fares. In this game of statistics, the most important role is played by the number of flights operating on that route (Flight Frequency) and the demand of passengers.
On which routes the last minute bookings are heaviest? Ahmedabad-Pune route becomes the most expensive
In this study of 54 domestic routes of the country, some such routes have come out on top, where booking tickets very close to the date of journey has caused the biggest loss to the passengers’ pockets. The first name among these Ahmedabad to Pune Comes to the root, where the biggest and shocking difference is recorded.
Passengers who book tickets on this route just one day before the journey will be entitled to fares less than 30 days in advance. 120.5 percent overpayment Had to do. Conversely, savvy travelers who confirm their booking a month in advance enjoy direct savings of up to 54.6 percent on this route. Only 3 flights operate daily on this route, which is the biggest reason for this huge gap between demand and supply.
Similarly, Kolkata to Chennai Passengers have to pay heavy premium on the route also. Here, booking tickets at the last minute resulted in an additional expense of 112.7 per cent, while those booking 30 days in advance recorded huge savings of around 53.0 per cent. Apart from this, last minute booking on routes like Kolkata to Bengaluru (93.2% extra), Kolkata to Hyderabad (90.0% extra) and Hyderabad to Bengaluru (86.6% extra) have also proved to be extremely expensive.
There was a slight difference in fares even at the last moment on these busy routes.
While routes with fewer flights have left a heavy burden on passengers’ pockets, the situation has been quite the opposite on some of the busiest and high-frequency corporate routes in the country. Despite the approach of travel date on these routes, no major or shocking jump in fares was seen.
For example, Bengaluru to Chennai Fares for bookings made 30 days in advance on the route and for bookings made just one day before the journey A slight difference of only 2.9 percent were recorded. Similarly, it is ranked among the busiest routes in the country. Mumbai to Delhi On the route, which sees dozens of flights a day, the premium for booking a ticket a day in advance compared to 30 days earlier was only 6.9 per cent. Similarly, on Pune to Delhi route, only 7.2 percent difference was seen when tickets were booked at the last moment. Fares remain stable due to the abundance of flights available on these routes.
The number of flights and frequency of routes decide your savings.
The biggest conclusion of all this data analysis is that booking tickets in advance does not always guarantee huge savings, but the most important role is played by the route and the number of flights available there.
With dozens of airlines flying on highly busy routes like Mumbai-Delhi and Bengaluru-Chennai, seat availability remains constant, preventing fares from skyrocketing due to competition in the market. In contrast, on routes with limited flights, as the date of travel approaches, there is competition for the remaining seats and airlines increase the fares up to double under dynamic pricing. However, all these figures are based on average and advertised fares, so actual ticket rates may vary further according to demand on festivals, holidays or special occasions. If you are also planning to travel by air next time, then booking ahead of time on routes with less flights will prove to be the wisest step for your pocket.