Reaping benefits from a significant dip in the fuel prices, airlines like Jet Airways, Air Costa and AirAsia India are offering discounts on the eve of the Independence Day as they look to increase their passenger load factor.
Reaping benefits from a significant dip in the fuel prices, airlines are offering discounts on the eve of the Independence Day as they look to increase their passenger load factor.
Naresh Goyal-led Jet Airways announced 30% discount on base fares for both its domestic and international flights across first class, premier and economy classes.
“This offer will be available from August 10 to 14 and for travel between September 10 and April 14, 2016,” the airline said in a release.
Meanwhile, Vijaywada-based Air Costa is offering a discount of Rs 609 on every ticket for a booking between August 10 and 14, and travel between August 20 and September 30.
Another low-cost carrier, Air Asia India, is offering promotional all-in-fares from as low as Rs 990 for a one-way ticket. The booking period for this promotion is from August 10 to 16, with the travel period from 15 February 2016 and August 16 2016.
Other airlines are expected to follow the suit soon.
The jet fuel prices have fallen over 25% in the last 12 months and most airline’s — with fuel costs constituting for about 45-60% of total costs — have performed better financially against previous year.
According to CAPA estimates, losses for Indian airlines could come down by 40% from the previous estimates, in the current financial year, primarily due to a fall in fuel prices. Indian airlines are expected to post reduced losses of $680-750 million for the current financial year against $1.2-1.7 billion in the last financial year.