While the NACIL-I (the Air India division of the National Aviation Company of India Limited) reduced its fare on domestic sectors by around 52 per cent, Jet Airways slashed its basic fares by up to 40 per cent.

In a separate decision, the Air India has introduced a lower fare of Rs 3,925 on a 14-day advance booking from Chandigarh to Mumbai. The same route will cost Rs 4,425 when booked seven days in advance.

The Chandigarh-Delhi 14-day advance booking for the economy class will cost Rs 2,975, inclusive of all taxes.

Kingfisher Airlines was the first to announce a cut in its fares, to be implemented from January 1.

Bringing cheer to the passengers on the most preferred routes from the city — Delhi and Mumbai — the fare was slashed by as much as Rs 2,000. “It is expected that the revised fares will be able to draw passengers back to air travel,” said an official of Jet Airways.

Over the past four months, there has been a sharp decline in the prices of aviation fuel. Earlier this month, a few air carriers reduced the fuel surcharge on the ticket price.

The basic fare for MDLR Airlines is now zero, which used to be a minimum of Rs 500 earlier.