Saturday January 3, 02:34 AM

Source: Indian Express Finance

Kingfisher, Indigo cut airfares

By ENS Economic Bureau
After Air India and Jet Airways, Kingfisher Airlines has announced a cut in air fares ranging from 21-65 per cent. The reduction in fares would be effective retrospectively from January 1, Kingfisher Airlines Chairman and Chief Executive Officer Vijay Mallya said. Kingfisher Airlines has slashed air fares between 21 per cent and 65 per cent on various routes across its network with effect from January 1, Mallya said in a statement. Budget air-carrier IndiGo will offer Re 1-Rs 99 base fare across most of its sectors from today, but it would still be not less than Rs 2,926 for a Delhi-Mumbai flight. IndiGo would now be offering an all-inclusive fare of Rs 2,926 for sectors such Delhi-Mumbai, Delhi-Bangalore, Delhi-Chennai, Mumbai-Kolkata, a company release said today. We are happy to announce the introduction of Re 1-99 base fare on a majority of our flights, IndiGo Airlines president Aditya Ghosh said in a release. The offer would, however, be valid only for tickets purchased 21 days in advance, it said. The special fares are in line with the reduction in air turbine fuel prices and aims at passing on the benefit to the passengers, the airline said.