Business Daily from THE HINDU group of publications
Friday, Oct 16, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Friday, Oct 16, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Industry & Economy
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Events Logistics - Airlines Diwali brings cheer with high bookings Our Bureau New Delhi, Oct. 15 This Diwali will go down as a golden period for the domestic airline industry. The state-owned Air India (Domestic) reported bookings of 32,000 at 7 a.m. on Thursday and of close to 31,000 passengers the following day. “Services from Mumbai are jam-packed. The demand is so high that the airline is operating a 145-seater Airbus A-320 flight on the sector, despite having close to 10 daily flights in each direction,” a senior airline officer said. A senior Jet Airways official said the airline was seeing passenger demand “going through the roof” not only on the full-service Jet Airways flights but also on the low-cost variation, Jet Konnect. This increase in demand is inevitably leading to the cost of travel moving northward. Industry sources point out that a one-way ticket between Raipur and Delhi was selling at Rs 42,000, almost five times the earlier fare. The allegation of profiteering from the rise in demand is denied by the industry. “It is not correct to say that airlines are charging abnormally high fares during this period. Airlines follow a dynamic fare pricing policy and it is only when lower fare tickets are not available that the next higher level of tickets are released into the system,” explained a senior official of a private airline. More Stories on : Events | Airlines
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