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New Delhi May 9 American Express Business Travel, a division of American Express Company, in its quarterly retrospective has said that despite the flurry of low-cost activity in India, domestic airfares recorded a six per cent increase for the last quarter of 2006.

But the fares were down three per cent for the year. The report says that the overall airfares were up three per cent for the quarter but down one per cent for the year.

The biggest increase, however, for the quarter was in full economy fares at 18 per cent, but for the full year they were down 4 per cent.

Routes within Asia Pacific and to Europe, Middle East and Africa (EMEA) were up one per cent for the quarter but flat year-on-year.

The Travel Monitor found that in Asia Pacific region, the airfare increase across the last quarter had slowed to one per cent compared to the full year-on-year moderate growth of 3 per cent.

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