IndiGo Starts Flexible Payment Scheme: Pay 10% Fare Now And Get Ticket
IndiGo announced a flexible payment option allowing customers to secure booking on a domestic flight by paying 10 per cent of the ticket price upfront or minimum Rs 400 per passenger. Customers will have to pay the balance upto fifteen days from date of booking or fifteen days before departure, the airline announced said.
The move will help customers lock in fares and help IndiGo grow bookings as it expects a shift in demand from other airlines.
"We intend to extend this offer for our customers to make their travel more comfortable," said IndiGo's chief strategy and revenue officer Sanjay Kumar in a press note.
Domestic flights resumed on May 25 with price caps and around 1.8 million passengers have flown in a month. But travel demand remains uncertain and over 80 per cent of bookings are being made within fourteen days of travel date. This scheme could help customers book tickets in advance without worrying about high cancellation fees. However it will not increase demand overall, an industry expert said.
"In case of cancellation of a booking, Flex Pay Payment will not be refunded by IndiGo to the customer," the airline said.
Titi Coles Legacy In Finance: Pioneering Diversity And Leadership
Titi Cole, one of the most senior Black women in the world of finance, recently exited her high-profile role at Citi. He... Read more
Rising Rates, Rising Challenges: Bankers Adapt To Serve Troubled Companies In A Changing Economic Landscape
As interest rates climb, troubled companies are facing heightened financial pressures, prompting them to seek assistance... Read more
The Elusive Nature Of Fraud Detection: Exploring The Auditor's Dilemma
In the intricate world of financial reporting, auditors serve as guardians of integrity, tasked with uncovering discrepa... Read more
The Battle For Depositors: US Lenders Ramp Up Efforts Amidst Rate Uncertainty
In the competitive landscape of the US banking sector, retaining depositors is paramount for lenders seeking to maintain... Read more
Beyond Capital: Unveiling The Complexities Of Bank Failure Prediction
In the realm of banking, the ability to predict and prevent failures is paramount for financial stability and consumer c... Read more
Central Banks And The Economic Horizon: Steering Through Uncertaintie
In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more