For example, fares for the Delhi-Goa route saw a 49% drop for a 7-day advance purchase compared to a 17% drop in the 30-60 day advance purchase.
"Airfares are the most expensive closer to the date of travel," said Subhash Goyal, chairman, STIC Travel Group. "However, it seems, there is a shift in the strategy of airlines. Airlines are now willing to dispose of inventory at lower rates instead letting the seat go waste," Goyal said.
"Aggressively priced fares, competitive discounts and smart inventory management by airlines have resulted in air travel becoming significantly cheaper," said Oak.