Amidst media reports of basic fare cut by Jet Airways, the country's largest private carrier today said it has not reduced its ticket prices or the prices of its low-cost airline JetLite on any route.
Brushing aside the reports, the company spokesperson said, "The report is incorrect. There is no cut in basic fares in Jet or JetLite."
According to media reports, Jet Airways had announced a staggering 50 per cent cut in its basic fares across all domestic routes following a dip in the passenger load factor and fuel prices.
The cut in basic fares would be applicable to all domestic routes undertaken by Jet and its low-cost arm, JetLite, the reports added.
Earlier, Jet Airways Chief Naresh Goyal had voiced the industry's concerns over the prevailing financial crisis and bluntly said, "I certainly would not like to close down my company."
However, Civil Aviation Minister Praful Patel, who had also the dais with Goyal, later exuded confidence that air fares would become cheaper by December. "December onwards, you will see the fares coming down," he said.
