Business | Posted on May 23, 2009 at 09:19pm IST

Foreign airlines slash airfares

Mike SangmaMike Sangma, CNN-IBN

New Delhi: Even as domestic airfares have been skyrocketing Indian globetrotters have never had it better.

The airfare to Singapore and back is now just Rs 11,000 thanks to huge discounts being offered by international airlines.

While these are promotional fares to increase air traffic hit by financial crunch but no one seems to be complaining.

International airlines are wooing Indian holiday makers with rock bottom fares and have slashed airfares by almost half.

British Airways is offering 50 per cent discount on business and first class tickets to London, Europe and US.

Not to be left behind Air India is also offering return tickets to London at Rs 21,900 while New York fares are priced at Rs 42,000.

The airfare of Rs 11,000 by Singapore Airlines is almost the same as from Delhi to Mumbai in airlines like Kingfisher or Jet Airways.

One can also fly to China for Rs 22,000 and Perth for Rs 25,000. Some of the discounts are applicable till September.

While air travellers have never been pampered so much, airlines themselves are seeing red as they reel under the current financial crunch.

"The first aim is to make people enjoy and generate revenue as well," said Singapore Airlines General Manager CW Foo.

It may be raining discounts now but analysts fear, fares could rise in the next couple of months. So if you are looking for a cheap holiday, book right now.

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