AI, Spicejet likely to reduce fares

Air India (AI) is expected to reduce air fares by 12%, bringing it into effect by December. “The fare cut will be introduced first on the domestic route,” said an official.
“It might include reduction in fuel surcharge as AI does not levy congestion surcharge,” he said.
“A decision on fares could be expected shortly. There is a need to stimulate the market by making more people fly,” said Jitendra Bhargava, AI spokesperson.
Following in its footsteps would be Spicejet. “A decline in jet fuel prices is enabling the carrier to reduce fares and attract more passengers,” said Ajay Singh, director, Spicejet. “We are reviewing the fare cut and will announce it shortly,” confirmed an official. Kingfisher Airlines maintained it will go for a fare cut only if the aviation turbine fuel was placed under “declared goods” category.
25/11/08 Daily News & ANalysis

To Read the News in full at Source, Click the Headline

Categories: NACIL Nov 2008, spicejet Nov 2008