SpiceJet, the second largest carrier of the country, is also one of the providers of economical fares. Owned by the Sun Group, it has been serving Indian as well as international destinations since 2005 and 2010, respectively. Currently, more than 300 daily flights are operated by the carrier with a fleet size of over 35 aircraft. It includes highly-efficient models manufactured by Boeing and Airbus that carry millions of passengers every year. The cost of SpiceJet flight booking may drop down even further in the coming months. As per reports, this Sun Group-owned airline is already working on the new pricing strategy. Experts are of opinion that the market trend may change as a result of the demand and supply fluctuations.
The Indian no-frill carriers are operating at razor thin profits, and further decrease in air fare on their end may result in even lower revenues. However, to meet challenges posed by new airlines like AirAsia and soon to be launched Vistara, existing ones like GoAir, IndiGo and SpiceJet may introduce new pricing schemes. Not only LCCs, but full-fledged carriers like Air India and Jet Airways will also be affected as the Tata-Singapore Airlines venture – Vistara – is promising top-notch services. In addition to this, the leading airline of the country, IndiGo will also add new destinations and capacity in its booking option list as soon as new models start arriving. It ordered around 180 aircraft back in 2011, which is one of the biggest orders placed by an airline in the industry.
As per several reports, the demand for air travel is expected to rise that could have lead to rise in the flight ticket prices, but new flying options may push the pricing graph down. In addition to this, schemes and discounts may also be offered by these new entrants to allure fliers, as it is a trend in the aviation industry. Hence, the coming year is looking even better for corporate and leisure travellers. The industry is expecting a sharp jump in the daily Mumbai Chennai, Pune Bangalore and Delhi Ahmedabad flights routes.