Jet Airways slips as it cut fares

Jet Airways is trading weaker by 3.5% at Rs 584 on reports that it has cutr fares for a limited period on select Dubai flights.

The airline will also add a second flight to Dubai from New Delhi from the middle of this month. The special fares will be valid for five days from today on select Gulf routes. The new fares are part of the Dubai Shopping Festival, Jet said.

These special Economy fares will be applicable on flights operating from Mumbai to Abu Dhabi, Bahrain and Kuwait, while there will be attractive fares from Kochi to Muscat, Doha, Sharjah and Abu Dhabi.

These fares are also available from Delhi to Abu Dhabi and Thiruvananthapuram to Muscat, the airline said. While a Mumbai-Abu Dhabi two-way ticket comes at as low as Rs. 16,775, a one-way ticket is available for Rs. 8,272, inclusive of all taxes.

A total of 2,79,000 shares have changed hands on the BSE compared to its two-week average of 7,28,000 shares. The stocks opened at Rs 605 and touched and intra-day low price of Rs 575.