Airfare in India, as with many other countries, is subject to frequent changes due to several factors. Here are some of the reasons why airfare in India can keep changing:
Demand and supply: Airfare in India is primarily determined by demand and supply. When there is high demand for air travel, airlines can increase ticket prices, and when demand is low, they may reduce fares to attract more customers.
Seasonal demand: Airfare in India can also be affected by seasonal demand, such as during peak travel seasons like holidays or festivals. During these times, airfare may be higher due to the increased demand.
Fuel prices: Fuel prices play a crucial role in determining airfare in India. If fuel prices increase, airlines may need to increase ticket prices to cover their operating costs.
Competition: The presence of competition among airlines can also impact airfare prices in India. When there is stiff competition, airlines may lower their prices to attract customers.
Government regulations and taxes: Government regulations and taxes can also affect airfare prices in India. Taxes such as the Goods and Services Tax (GST), passenger service fee, and airport development fee can add to the cost of air travel, thereby affecting the ticket prices.
Exchange rates: Exchange rates can also affect airfare prices in India. If the Indian Rupee depreciates against other currencies, airlines may need to increase ticket prices to maintain profitability.
Overall, airfare prices in India are subject to a range of factors, both within and outside of the airlines’ control. This can result in frequent changes to airfare prices, making it important to book flights in advance and be aware of factors that may affect ticket prices