Continuing its focus on low cost model of operations, private carrier Jet Airways will shift 45 flights to its no-frill service brand Jet Airways Konnect by October.
In a bid to cash in on summer vacation rush, Jet Airways will launch new no-frills service - Jet Airways Konnect, from May 8 and will provide 10-15 per cent cheaper airfare on the service.
Jet had been operating two similar, low cost services under two different brand names, Jet Airways Konnect & Jet Lite for quite some time now.
Jet Airways, just out of a pilots' strike, sprung a surprise by announcing a 50 per cent discount this week on its Economy Class fares on all domestic flights.
Low cost carriers have 55 per cent of the market, up from 45 per cent in Q1 last year, and 30 per cent two years back. Does it mean India really is an LCC market? The performance of the airlines also seem to suggest that. While budget carrier Spicejet announced a small profit for Q1, all the big boys in the industry seem to be in trouble.
Jet Airways on Wednesday said that it has raised the fuel surcharge on tickets by Rs 400 across all domestic sectors. The newly decided fares have been made applicable from June 17.
Jet Airways announced the launch of a new all-economy, no-frills service called Jet Airways Konnect starting May 8.
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