Time to fly again as airlines slash fares | business | Hindustan Times
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Time to fly again as airlines slash fares

business Updated: Feb 01, 2009 00:33 IST
Lalatendu Mishra

If soaring airfares forced you to desert airlines 18 months ago, it’s time to fly again.

Fares have dropped by 40 to 50 per cent from October 2008, with airlines offering competing schemes — a trend
expected to continue in the next few quarters.

For the first time, airlines such as Jet, JetLite and Go Air have slashed their fuel surcharge by half.

Though passengers booking their tickets through advanced purchase schemes are being offered dirt-cheap fares, spot fares are equally attractive. Many airlines are dumping unsold seats cheap at the last minute to earn revenue.

Apart from getting leisure travellers back on flights, the move is expected to benefit slowdown-hit corporations that had substantially curtailed executives’ travel.

In the past six months, flight occupancies had dropped drastically — often, over 40 per cent.