Fare wars are still on, much to flyers’ delight. Airfares are now 25-35% cheaper from a year earlier on domestic routes and 15-20% to international destinations, despite this being the peak travel season.
Executives at carriers such as Vistara, SpiceJet and Air India said IndiGo had taken the lead in dropping fares this time, forcing competition to follow. If true, this would be a clear shift from the nofrills airline’s usual strategy of staying away from fare wars. IndiGo, though, denied any change in its pricing policy.
The average domestic fares in the April-June quarter have decreased by up to 35% on certain domestic routes and up to 16% on international routes,” said Diwakar Pareek, vice-president of online revenue at travel portal MakeMyTrip. The fares have dropped even for last-minute bookings, said John Nair, head of business travel at travel agency Cox & Kings. Derek MacKenzie Womens JerseyShare This