Air India has reportedly said it might join the competition to bag more air travellers.
"We are watching the situation. Air India shall respond to this depending on how the situation develops," Air India CMD Rohit Nandan reported.
Budget carriers SpiceJet, GoAir and IndiGo began offering similar or lower discounts on select routes.
Yesterday Jet Airways announced a bonanza for all its guests travelling on domestic sectors within India, with a nationwide sale of low fares for a period of 6 days.The airline has introduced four different slabs for these one way fares, based on the travel distance and the fares are inclusive of all taxes.
Thus fares upto 750 kms have been priced at Rs 2,250, while fares for destinations from 750-1,000 kms are priced at Rs 2850, similarly destinations for which the travel distance is a 1,000-1400 kms are priced at Rs 3,300 and above 1,400 kms tickets are priced at Rs 3800. These fares are inclusive of all taxes.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.