IndiGo Starts Flexible Payment Scheme: Pay 10% Fare Now And Get Ticket

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 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 to the customer," the airline said.

RECENT NEWS

JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity

JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more

Private Equity And Banks: The Complex Web Of Leverage

Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more

Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector

The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more

JPMorgan And Small Caps Lead Market Rally: A Sign Of Economic Optimism

In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more

Big Banks Vs. Regional Banks: The Battle For Market Share

The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more

The Evolution Of Philanthropic Advisory Services In Private Banks

The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more