Mumbai, New Delhi, Jan. 10 -- India's domestic airfares slid to a four-year low in the October-December quarter, an unusual outcome for a seasonally strong period, as passenger traffic slowed through the year and demand weakened on non-metro routes. Analysts also pointed to IndiGo's wave of cancellations in December as a likely added cause.

According to analysts at Elara Capital, airfares slipped about 1% in the October-December period from Rs.5,485 last year to Rs.5,436 in 2025, even as domestic air travel growth slowed sharply to 3% growth in Q3FY26 compared to the same period in FY25, from 9% in Q3FY25 compared to Q3FY24.

According to Gagan Dixit, aviation, chemicals, oil & gas analyst at Elara Capital, this happened because 300 rout...