Flight ticket bookings gather  pace

By Livemint

Airline bookings battered by the second wave of covid-19 are slowly picking up, as fliers regain confidence and falling infections prompt states to relax restrictions.

Online and physical travel agents have seen higher bookings in June, after 10 weeks of falling average daily air passengers through April and May. Online travel portal EaseMyTrip saw three times as many bookings in June as compared to May, chief executive Nishant Pitti said.

Broking firm ICICI Securities said in a report that the average number of daily fliers rose to 83,000 during the week ended 12 June from 75,000 a week before, the first increase in 10 weeks. These numbers had remained flat during the week ending on 5 June, as compared to the previous week.

“There are initial signs of recovery with reduced caseloads and relaxation of curbs by several states. Traffic and booking volumes have almost doubled from a couple of weeks back,” said Rajiv Subramanian, vice-president at online travel website Cleartrip.

“The share of round trips and advance bookings has also seen an uptick. Both these metrics have been good lead indicators of consumer confidence in the past 12 months or so. This recovery should continue with more cities seeing reduced caseloads and accelerated vaccination,” he added.

EaseMyTrip’s June bookings were several times more than in May, Pitti noted.

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