SpiceJet says ticket pricing and fare displays have been made simpler by merging fuel surcharge with the base fare
Mumbai/New Delhi: No frills airlines SpiceJet Ltd. and IndiGo on Tuesday merged fuel surcharge with the base fares, saying it would simplify the prevailing fare structure.
Before this, an air ticket of domestic airlines used to have
different components, separately showing base fare and fuel surcharge,
apart from charges like user development fees and taxes which go to the
airport operator and the government.
“Ticket pricing and fare displays have been made simpler
and more transparent by removal of the fuel surcharge add-on from all of
its pricing, and consolidating it as part of the base fare. Going
forward, the fare displayed will be what you see is what you pay,”
SpiceJet said in a statement.
It said the decision has already been communicated to the aviation regulator Directorate General of Civil Aviation (DGCA).
“We have been considering this proposal of offering
consolidated price to customers for some time now. The standard way of
displaying fares practiced by airlines in the country is often confusing
to customers. We hope with this initiative, customers will be better
informed now,” SpiceJet’s chief commercial officer Kaneswaran Avili said.
The airline claimed it was the first Indian airline to
implement such an initiative aimed at making air travel and pricing more
consumer friendly and transparent. However, the website of IndiGo also
showed the carrier combining the base fare with fuel surcharge, besides
service tax, development fees, passenger service fees and user
development fees.
Source - Livemint.com
By
Shah Mohammad Abdul Qadir
PGDM 1st Year
PGDM 1st Year
IIMT College Of Management,
Greater Noida, U.P.
NEW
DELHI: Taking cue from other lenders, state-run Canara BankBSE 0.76 %
today hiked interest rates on fixed deposits by up to 0.50 per cent.
Fixed deposits in the maturity bracket of 46 days to 60 days and 61 days to 90 days would now fetch interest rates of 7.50 per cent, up from 7 per cent earlier, effective today, Canara Bank said in a filing to the BSE.
For deposits above one year to less than two years, the interest rates woul ..
Fixed deposits in the maturity bracket of 46 days to 60 days and 61 days to 90 days would now fetch interest rates of 7.50 per cent, up from 7 per cent earlier, effective today, Canara Bank said in a filing to the BSE.
For deposits above one year to less than two years, the interest rates woul ..
NEW
DELHI: Taking cue from other lenders, state-run Canara BankBSE 0.76 %
today hiked interest rates on fixed deposits by up to 0.50 per cent.
Fixed deposits in the maturity bracket of 46 days to 60 days and 61 days to 90 days would now fetch interest rates of 7.50 per cent, up from 7 per cent earlier, effective today, Canara Bank said in a filing to the BSE.
For deposits above one year to less than two years, the interest rates woul ..
Fixed deposits in the maturity bracket of 46 days to 60 days and 61 days to 90 days would now fetch interest rates of 7.50 per cent, up from 7 per cent earlier, effective today, Canara Bank said in a filing to the BSE.
For deposits above one year to less than two years, the interest rates woul ..
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