New Delhi: After private airlines Jet and Kingfisher announced a cut in their airfares, Air India on Tuesday too slashed ticket prices following a steep fall in fuel prices.
The airline is cutting basic fares by 35 to 81 per cent in basic fares on 19 domestic sectors.
Air India says the lower prices will come into effect from Tuesday, December 30. The reduction will be applicable to all domestic sectors.
Air India has not given the quantum of fare cut. The surcharge, however, remains the applicable.
Air India PRO Jeetendra Bhargav told CNN-IBN that fares being announced are fair and competitive. “Anyone buying tickets can’t get them any cheaper. People planning their trips can get cheaper tickets by making use of apex fares,” he said.
Over the past four months, there has been a sharp decline in aviation fuel prices. While some air carriers earlier this month reduced the fuel surcharge on the ticket price by Rs.200 to Rs.400, they did not touch the basic fare.
Oil companies have reduced aviation fuel prices seven times since September. The fuel is now sold at Rs.32,691.28 per kilolitre in Delhi after prices were slashed by Rs.4,208.37 in the first week of December.
It was coming
Air India had announced it would come up with reduced fares from January 1.
"In view of the slackening demand in post-peak season and continued decline in fuel prices, Air India will be adjusting domestic fares downwards on various sectors shortly," an Air India spokesperson said.
The spokesperson, however, did not divulge the quantum of fare cut, saying it was still being worked out. "We would be able to come with reduced fares by January 1," he told news agency IANS.
(With inputs from Karma Paljor)
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