Airfares slashed by 50% for next 3 days

All airlines in India have announced a 50% cut in the airfares for the next three days. The move followed Jet Airways decision to cut fares by 50% In a bid to lure back passengers, Jet Airways and Jet Airways Konnect had announced a 50% discount in fares for five days from Monday.

Jet Airways executive director Saroj Dutta had announced that the private carrier had suffered a loss of over Rs 200 crore ($40 million) on account of the pilots' stir since last Tuesday.

The airline then threw flyers a bait by offering a "50% discount on total fare (economy class)" on all domestic flights across Jet Airways and Jet Konnect for travel valid up to September 18.

This comes as a huge bonanza for passengers.