IndiGo, the largest domestic carrier in terms of passengers carried in India, has announced that it has reduced its air fare by 15-20% on tickets that would be booked three months in advance. This sudden drop in flight fare can be attributed to two things – the July to September off-season and sluggish demand in the recent months. According to the latest report by Directorate General of Civil Aviation (DGCA), in the month of June, the total number of domestic air passengers were 5.01 million, which was 5.10 million in the previous year – a dip by 1.84 %. However, during this period, IndiGo was ahead in the race with a market share of 29.5%, followed by Jet Airways, SpiceJet, Air India and GoAir.
More Reasons for Fare Reduction
According to industry experts, this sudden price slash can also be a strategy by the low-cost carrier to challenge AirAsia India, an airline that is gearing up to enter into the Indian market, and has already announced to offer cheap flight tickets. With AirAsia all set to start its operations in the country, IndiGo will definitely try to boost its customer base in the already highly-competitive aviation market. As of now, IndiGo is offering its flight tickets at a price as low as Rs. 2107 to Rs. 4376 to various destinations in the country from the national capital.
Trade analysts have made an observation that the air fares are already down by as much as 15%-20% in the month of July compared to June. The air tickets booked two days in advance on the Delhi-Mumbai route are now available at Rs. 5300; Delhi-Chennai at Rs. 6200; Delhi-Kolkata at Rs. 5700 and Delhi-Bangalore at Rs. 6,300. To conveniently check and book domestic flights at lower airfares log on to leading travel websites.