A rising average price for a domestic flight in April (6.19) and May (6,821) were the most on record, according to a new report.
According to the report, the average flight price rose 1.1% from March to April, compared with 1.0% increase in the previous month.
The CPI rose 1% in April from March and rose 0.3% in May.
The airline industry in India is in a constant state of crisis and the airline industry has been the main victim of the crash in the market, which has been triggered by a series of mismanagement by airlines.
For instance, in the last six months, the airline sector has suffered a total loss of over Rs 10,000 crore in total, according the report.
The industry is in dire straits as its revenue has fallen by over 30% in the past six months.
However, the report said that the airline business in India has come back on track.
“Despite the challenges facing the industry, the industry is showing signs of recovery in the first half of this year,” it said.
The airline sector is witnessing a surge in demand from the emerging cities, especially in the rural areas, as compared to previous years, the data showed.
The airline industry also said that its total revenue rose by more than Rs 2,000 per airline in the month of April.
Air India had a year-on-year revenue growth of 2.1%, according to the company’s latest financial results.
On April 30, Air India had an operating loss of Rs 3,726 crore, compared to Rs 2.5 lakh crore a year ago.
The average monthly price of domestic flights in the country rose by 6.19% from the same period last year, according a report by Air India, India’s second-largest airline by revenue.
It also said, that the average ticket price rose by 0.1 percentage point in April compared with the same month last year.