Ad Here  
May
June
July
August
September
October
 
 
Purdue and IIT-M sign the dotted line Nigeria comes nearer Digital retail transactions stabilise at higher level… Bridging the skill deficit in pharma industry TVS Logistics – another acquisition to sharpen the business model STFC raises money Carrefour’s quick exit Apple maps – finding its way TOP 10 CEO Compensation An American alliance in the chemical industry? AirAsia India infuses funds to fight out competition On the ‘milky’ way Chola MS net crosses 100 crores TCS’ revenues cross Rs 100,000 crore TII-challenging year with flat growth Gem of social service... Brand leaders come forward... Innovation that helped Chennai port BRICS development bank Airlines wage price war Curbing steel imports will hurt small business... - SumInfra- corridor based development... Schwing Stetter India joins hands with US-based Gomaco Rating of states to be released soon Steel loses its sheen Striking cords for 25 years… Techies trip to India Blue Star plans a new plant in south Indigo stays leader with 40 per cent share Smart controls for cooling large multi-zone spaces ... Strategy war escalates between Hero and Honda Time to fast-pace the logistics sector Three more leather clusters… Backpack laboratory The new look- 4s Verna Economic issues take a back seat at G20 summit Towards peace of mind Inclusive and forward moving... OBO Bettermann for better lightning protection Scoot offers just Rs.13,500 to ANZ... Placing the right shoe forward... Chola MS launches motor app IFCI to raise NCDs upto Rs 2000 crore Auto test tracks launched at GARC Oragadam campus Realty sector takes a break... Housing Innovation Challenge, 2015 Pharma market dozes Sun Edison launches solar pumps Make way for the new and dynamic railways World labour laws at a glance Waste, a gold mine Economic, business and social sustainability More gensets and diesel engines from TAFE Adding Zest to Scooty Reality bytes Business Breif CUB: towards card-less withdrawal Downsizing spree... TN budget pragmatic and moderate on fiscal deficit European crisis is a global crisis! Celebrating 180 years of relevance Celebration time at MS Chola An aerospace-defence cluster in Tamil Nadu… ISRO's 100th mission ALL to launch electric busses Research needs more funding Well-refined – RIL’s refinery margins zoom Holiday Inn opens in OMR Chennai Is Indian telecom industry heading for a monopoly? TiE applauds innovative entrepreneurs ECGC expands operations Changing dynamics in human resource management Hyundai excites again Tata Steel commence operations at Kalinganagar Applauding enterprise... Need to focus on ease of doing business... Illicit markets a concern to growing economy Veritas Finance- financing the unfinanced LVB gears to become a financial supermarket Chennai to get a roundabout Metro Chennai Port is at last decongested! When Centre visits the state Business Briefs TII’s single largest investment at Thiruthani ALL-two launches in a row Investor friendly Japan Creating Tamil Nadu Banana brand Chennai will soon get its World Trade Centre Automotive Vision Plan II... Big-ticket investments march towards Punjab Industry-well poised to invest on expansion Connecting the unconnected Durga - India’s largest blast furnace; now operational Dynamic e-commerce scenario A global plastic event in India Four daughters and a proud father WABCO’s second Chennai plant Murugappa- a year of consolidation Climate change may change the way businesses work... People Flow Day- Safety ALL – truck industry is recovering from degrowth Realising double digit growth in Tamil Nadu Nothing to hide... Secured NCDs from Shriram City Hero Motocorp - smooth ride Indian Bank – global businesses crosses Rs 3 lakh crore... Flexible labour laws… Ridley marathon to India Focus on self-certification and third party inspection
 
Airlines wage price war

With the lean period for travel approaching, airlines offer various discounts to keep seats filled. SpiceJet set the ball rolling with a flat 50 per cent off on its base fare for three days for bookings made 30 days before travel.  As soon as the announcement went on air, competitors in the industry, Indigo, Air India, GoAir and Jet Airways followed suit with similar offers. It is expected to help airlines from a dry run and fund their working capital.

SpiceJet experienced a turbulent 2013 and the Centre for Aviation (CAPA India) estimates it to post a loss anywhere between Rs 175 crore and Rs 215 crore for the quarter ended 31 December 2013. The airline industry is hit by high prices of aviation fuel, rupee’s fall and increase in ticket fares. With the lean period also nearing such offers help airlines to attract business customers, impulsive and casual passengers to fly.

Last year, SpiceJet’s Rs 2013 offer to fly anywhere in India offered 10 lakh seats to be booked within three days at an all inclusive price of Rs 2013. The roaring success of this strategy forced all industry players to slash back rates. With nail biting competition, passengers are the happy lot.

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com