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| September 15, 2009 | Airlines slash fares by half | | Mumbai: All airlines have
slashed their fares to 50 per cent till September 18. The airlines have made this
move in the wake of Jet airways announcing a 50 per cent discount in the economy
class across on all of its domestic flights. According to Keyur Joshi, COO and
co-founder of MakeMyTrip, a travel portal, low-cost carrier GoAir on Monday dropped
fares to match Jet fares. On the Mumbai-Delhi route, GoAir normally charges Rs
2,400 (one way). The fare was cut to Rs 2,061 for travel during this week. One-way
tickets on trunk routes such as Mumbai-Chennai and Mumbai-Bangalore were available
in the range of Rs 1,900-2,100. Lean-hour travel, in the afternoons, was even
cheaper at around Rs 1,800. Times Now quoted Ajay Prakash, General Secretary,
Travel Agents Federation of India (TAFI), as saying that it was a knee jerk reaction
to the the Jet Airways move. Jet Airways had lost nearly Rs 60 crore worth of
business to competition during the five-day impasse, had decided to slash economy
ticket prices by a flat 50 per cent on its flagship airline as well as Jet Konnect
flights for this week. A Mumbai-based traveller buying a ticket between September
14 and 18 to New Delhi on Jet Airways will now have to pay only Rs 2,500 as against
Rs 4,200. | |
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