Sky high: Premium airfares increase much faster than economy class
![Sky high: Premium airfares increase much faster than economy class Sky high: Premium airfares increase much faster than economy class](https://i3.wp.com/bsmedia.business-standard.com/_media/bs/img/article/2024-07/03/thumb/fitandfill/400X400/1719948878-4822.jpg?w=400&resize=400,400&ssl=1)
The ‘premium economy’ class on domestic flights in India has transformed in the past five years, evolving from an overlooked option to a sought-after service. Once a little-known cabin with prices only marginally higher than standard ‘economy’, this intermediate offering has now become a major revenue generator for airlines.
According to aviation analytics firm Cirium, premium-economy fares have skyrocketed up to 128.6 per cent on major domestic routes like Delhi-Mumbai and Mumbai-Bengaluru since 2019. This surge far outpaces the up to 41.3 per cent increase in economy-class fares on the same routes, highlighting a remarkable turnaround for a
First Published: Jul 03 2024 | 1:05 AM IST