Panaji: Having kicked up a veritable storm in the tea cup of India's loss-making aviation industry with its astonishingly low promo ticket fares, Indo-Malaysian budget carrier Air Asia no longer appears to be the cheapest way to fly the Goa-Bangalore sector. Competitive low-cost airlines SpiceJet, GoAir and JetKonnect seem to have slashed their rates even further to keep up with the new entrant.
Air Asia had sold 25,000 seats within the first 48 hours of throwing open bookings earlier in June, and with just a few seats available on their flights plying the sector, the demand?supply gap has pushed the fares up, according to a source in the company. On some days, even the government-owned Air India has cheaper fares.
"Our base fare remains consistently low, and every two weeks, we run promotional offers. We expected to trigger a few price wars, and this competition is good," Air Asia CEO Mittu Chandaliya told TOI.
05/07/14 Times of India
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Air Asia had sold 25,000 seats within the first 48 hours of throwing open bookings earlier in June, and with just a few seats available on their flights plying the sector, the demand?supply gap has pushed the fares up, according to a source in the company. On some days, even the government-owned Air India has cheaper fares.
"Our base fare remains consistently low, and every two weeks, we run promotional offers. We expected to trigger a few price wars, and this competition is good," Air Asia CEO Mittu Chandaliya told TOI.
05/07/14 Times of India
