SpiceJet announces another low-fare offer of Rs 899

Written By Unknown on Selasa, 21 Oktober 2014 | 23.25

While tickets can be booked at low fares till October 26, the travel period would be between November 1 and December 15, a spokesperson of the airline said.

SpiceJet  on Tuesday continued with its galore of special offers announcing yet another limited-period discounted one-way domestic fare offer, ranging from all-inclusive fares of Rs 899 to Rs 2,499.

While tickets can be booked at low fares till October 26, the travel period would be between November 1 and December 15, a spokesperson of the no-frill airline said.

The all-in fares, starting at Rs 899, are available for short distance travel between sectors like Bangalore-Chennai- Kochi. While on Bangalore-Goa sector, a one-way ticket price would start at Rs 1,599 and for the rest of India, the starting fare would be Rs 2,499, the spokesperson said.

The overall airfares for advance bookings have remained on the lower side even during the peak holiday season, which has been a welcome change for passengers, with travel portals and agents anticipating that SpiceJet's move would be followed up by other competing airlines.

Airline's COO Sanjeev Kapoor said SpiceJet has "fundamentally changed the air travel paradigm in India this year" with frequent offers, often lower than train fares. These sales, he said, had helped airlines to "fill empty seats, allowed more Indians to travel by air than ever before, and more often than before, and have helped air travel grow significantly year-over-year."

The large increase in the number of air travellers has also led to passenger volumes and revenues for airports, travel agencies, hotels and local economies across the country throughout the year, even in low seasons, Kapoor said.

"With this offer, we are giving our customers one more chance to grab great deals at prices that are often lower than train fares in the six-week window between the travel peaks of Diwali and Christmas/New Year," said Kaneswaran Avili, Chief Commercial Officer of SpiceJet.

In his reaction, travel portal Yatra.com President Sharat Dhall said the latest offer from SpiceJet would attract travellers to make early winter season bookings.

"We definitely anticipate other major airlines responding to the sale shortly and expect a significant increase in bookings over the next few days as travellers look to benefit from these discounted fares," he said.

SpiceJet stock price

On October 21, 2014, SpiceJet closed at Rs 14.25, down Rs 0.63, or 4.23 percent. The 52-week high of the share was Rs 22.20 and the 52-week low was Rs 11.10.


The latest book value of the company is Rs -19.67 per share. At current value, the price-to-book value of the company was -0.72.


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