Jet Airways flies higher on rolling out Rs 500 fare offer on domestic route

03 Sep 2014

Jet Airways (India) is currently trading at Rs. 228.60, up by 3.80 points or 1.69% from its previous closing of Rs. 224.80 on the BSE.

The scrip opened at Rs. 227.50 and has touched a high and low of Rs. 229.80 and Rs. 226.55 respectively. So far 70262 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 414.70 on 04-Oct-2013 and a 52 week low of Rs. 210.25 on 05-Feb-2014.

Last one week high and low of the scrip stood at Rs. 228.80 and Rs. 219.00 respectively. The current market cap of the company is Rs. 2598.54 crore.

The promoters holding in the company stood at 51.00 % while Institutions and Non-Institutions held 7.85 % and 41.15 % respectively.

Jet Airways, India’s premier international airline, has rolled out Rs 500 fares for the economy class on its domestic flights for a limited period. The bookings under the offer, however, can be made only in two days, starting from September 3, while the travel under the offer can only be taken from January 16, 2015 onwards.

The offer is valid for travel only on direct flights on the airline’s domestic network and does not cover group bookings. The all-inclusive fares starting from Rs 500 excludes statutory taxes and customers will be able to enjoy these substantial discounts across all destinations on the airlines’ domestic network.

Jet Airways currently operates a fleet of 113 aircraft, which include 10 Boeing 777-300 ER aircraft, 8 Airbus A330-200 aircraft, 4 Airbus A330-300 aircraft, 72 next generations Boeing 737-700/800/900/900 ER aircraft and 15 ATR 72-500 and 3 ATR72-600.

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