Mumbai: National air-carrier, Air India on Tuesday slashed its basic air fares in the domestic sectors ranging 35-82%.
The fare cut was effective from 1500 hours Tuesday, an Air India spokesperson said.
The maximum reduction in fares was 82% on the Chennai-Bangalore route, while on Mumbai-Kolkata route, the reduction would be 35%, Air India said.
The basic fare for travel between Mumbai and Delhi now stands reduced by 49%, the company said.
The fare cut has come a day after Air India’s competitor and private air carrier, Jet Airways reduced its basic fares upto 40%.
Another leading private air carrier, Kingfisher Airlines, had also announced reduction in its fares from 1 January.
However, Kingfisher is yet to take a decision on the quantum of the cut.