46% Indians may drop air travel plans as Russia-Ukraine pushes up flight prices: Survey - Times of India

46% Indians may drop air travel plans as Russia-Ukraine pushes up flight prices: Survey – Times of India

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NEW DELHI: Around 46% Indians who were planning to travel by flight this summer are likely to either drop their plans or take an alternative mode of travel as a result of airlines increasing prices of tickets due to rising prices of crude oil after the Russia-Ukraine crisis.
These were the findings of a survey of 10,389 people from 301 districts across India by community social media platform LocalCircles, which was conducted in the aftermath of the Russia-Ukraine war and its impact on prices of crude oil and airfares for international and domestic flights. Global crude oil prices have soared this week, touching their highest since 2008.
According to another recent LocalCircles survey on February 23, 59% of respondents had said that they were planning to travel during the period between March to May, though only 12% had made their bookings. However, the new survey reveals that the travel landscape has changed significantly within two weeks.
Around 32% of those who participated in the survey said that they will not be “ticketing right now” and will wait for prices to drop, and if they don’t, they will take alternate modes of travel. Meanwhile, 14% said they will wait for prices to drop and if they don’t, they will not travel. While 26% said they were willing to pay the higher fares and book their tickets soon, only 14% had already booked their tickets for travel between March and May before prices increased. “With crude oil prices unlikely to retreat soon per most analysts, chances are airlines could see a drop of almost 40-50% in their revenues during the March-May period,” LocalCircles noted.



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