Air India working on slashing fares by 10-12 pct

In a bid to boost the air traffic growth rate, Air India's top brass has started working on slashing the carrier's fares following considerable reduction in jet fuel prices."We are working on it, but at this moment, we cannot specify the quantum or from when this (reduction in fares) will be effective," a top airline official, who preferred anonymity, said.

Sources said the cut in Air India's fares on the domestic sector could range between 10 and 12 per cent, but the official refused to confirm.

source :  http://www.expressindia.com/