New Delhi: You can get air tickets at rock-bottom fares if you are not averse to taking a chance with a financially strapped airline that has been in the news for frequent schedule changes and unannounced cancellations. Kingfisher Airlines is offering fares up to 65 per cent lower than its nearest rivals, who happen to be low-cost carriers.
To stay afloat, the airline has substantially cut the number of flights it operates to 120 a day, with a fleet of 20 aircraft — 10 Airbus 320s and 10 ATRs. At its peak, it used to operate 400 flights a day, with a fleet of 64 aircaft.
The airline has temporarily suspended operations from several major cities, including Ahmedabad, Hyderabad, Kolkata and Lucknow, and asked nearly half its 7,000-odd employees to stay at home till it manages fresh funds.
Industry insiders feel cheap fares are the only option for the airline to generate cash, as it would help improve the passenger load factor. Some weeks earlier, the airline had sold its inventory to travel agents at a cost 50 per cent lower than normal.
08/04/12 Mihir Mishra/Business Standard
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