Initiating a new round of fare combat on International routes, famous national carrier Air India declared limited-period heavy discount for two-way fares on selected global flights on November 27, 2014, commencing Rs 19,999 ahead of the winter holiday rush. The airline announced on Thursday that the individual all comprehensive return tickets are accessible for sale till December 2, 2014 for the journey up to November 15, 2015.
These return fares for short-term Global Winter Sale Bonanza only includes some of the famous international destinations in World including regions across the Europe, US, Australia, Far East, Russia, China, Thailand and Singapore. Air India has an interconnection between 33 worldwide destinations that cover the US, Canada, Europe, Far-east, South-East Asia and the Gulf as well domestic routes.
Air India added in their declarations that Under the special offer for winter, fares have been slashed down to Rs 49,999 for Delhi-Chicago/New York and Delhi-Melbourne/Sydney ways while, for the Delhi-Milan/Rome/London/Frankfurt/Paris and Birmingham routes, fares cut down to Rs 39,999.
In likely manner Air India said that the fares for a travel to Seoul/Osaka/Tokyo from India Capital have been reduced to Rs 39,999 while ticket rates from Delhi have been cut down to Rs 19,999 for Singapore/Bangkok.
Air India reduced their fares to get out from financials loss. On Tuesday, Government told Parliament that only three International flights and six domestic flights out of 370 flights are profitable for Air India. These are between Cochin-Kozhikode-Jeddah, Kozhikode-Sharjah and Kolkata-Yangon, Delhi-Leh; Delhi-Kolkata; Leh-Jammu; Delhi-Srinagar; Srinagar-Leh and Delhi-Hyderabad-Vijayawada. With such financial crisis, 50 pilots gave their resignation to airline. The minister said in Parliament for Air India, which covers 34 International destinations in 24 countries and to 64 local destinations, “ AI has an acute shortage of cabin crew for both domestic and international route.” Mahesh Sharma said in Parliament that for last three years, Air India has suffered substantial loss. Air India faced a loss of Rs 7559.7 crores in 2011-12; Rs 5490.2 crores in 2012-13 and Rs 5,388.8 crores in 2013-14. Air India has a loan balance Rs 52237 crores till October 31; 2014, having Rs 23,358 crores for aircraft and the remaining was running capital credit.