While SpiceJet confirmed the offer, wherein it is selling tickets as low as Rs 1,999, the same from IndiGo could not be verified. But travel portals confirmed up to 30 percent discount from IndiGo's flash sale for the next five days.
Low-cost carriers SpiceJet and IndiGo today kicked off yet another around of price war in the aviation sector - the fourth in two-and-a-half months - offering massive discounts on advance booking under 'Super Holi Sales' scheme.
While SpiceJet confirmed the offer, wherein it is selling tickets as low as Rs 1,999, the same from IndiGo could not be verified. But travel portals confirmed up to 30 percent discount from IndiGo's flash sale for the next five days.
Gurgaon-based SpiceJet, announcing 'Super Holi Sale', said its "fares start at Rs 1,999 (all inclusive) on select routes for travel between April 14 and June 30 during the five-day sale starting tomorrow through March 16".
In January and February all the airlines had come out with cheap tickets, slashing fares up to 75 percent for advance bookings. All the three price wars this year were launched by SpiceJet and folowed by others like IndiGo, Jet and Air India.
"Fares start from Rs 1,999 (all inclusive) on select routes and flights. Lowest fares are for bookings made 90 days prior to travel, and all bookings under this offer require minimum 30 days advance purchase," SpiceJet said.
Under the offer one can grab a ticket on the Delhi- Chandigarh sector for Rs 1,999, Hyderabad-Cochin at Rs 2,999, and Amritsar-Mumbai at Rs 3,999. This sale is exclusively for domestic direct flights, the airline said.
These tickets could be booked on the company's website, ticketing portals and through agents. The offer is not applicable for bookings made at the airline's call centre and airport ticketing counters, and can't be combined with other schemes, the private carrier clarified.
"SpiceJet remains committed to stimulating the market by offering discounted fares for those willing to book early," said Shilpa Bhatia, Senior Vice-President and Head of Sales and Distribution at the Kalanithi Maran-led airline.
SpiceJet stock price
On March 11, 2014, SpiceJet closed at Rs 14.14, down Rs 0.26, or 1.81 percent. The 52-week high of the share was Rs 43.75 and the 52-week low was Rs 12.50.
The latest book value of the company is Rs -3.50 per share. At current value, the price-to-book value of the company was -4.04.
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