February 4, 2023

Akasa Air to allow passengers to bring pets onboard but not triggering price war

Akasa Air to allow passengers to bring pets onboard but not triggering price war

Akasa Air to allow passengers to bring pets onboard but not triggering price war: Akasa Air’s fares are competitive and are not causing a price war, according to Praveen Iyer, co-founder, and chief commercial officer of India’s newest airline. Our purpose is not to reduce capacity and hence reduce pricing. Our goal is to be long-term, sustainable participants. Even though the lines we operate are rather established and steady, they require capacity. That is precisely why we were able to achieve appropriate load factors in such a short period of time. So, there is no intention to start a pricing war, either in action or on paper, he stated in an interview.

Akasa Air to allow passengers to bring pets onboard but not triggering price war

Akasa Air to allow passengers to bring pets onboard but not triggering price war

The removal of pricing caps on August 31 has resulted in significant decreases in airfares across routes due to increased competition among airlines to increase passenger share. Following Akasa Air’s debut in India’s congested low-cost carrier industry, competition has increased. It was clear when Akasa Air offered Mumbai-Ahmedabad airline tickets for just 1,400, followed by Go First lowering rates even further to 1,000 on the route, which normally costs between 4,000 and 5,000.

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Name Akasa Air
Founders Rakesh Jhunjhunwala, Vinay Dube, Aditya Ghosh
Founded December 2021
Headquarters Mumbai, Maharashtra, Indias
Executives Vinay Dube, Anand Srinivasan, Ankur Goel, Bhavin Joshi, Priya Mehra, Ritu Sinha
Official Website akasaair.com
Fleet size 6

The price is determined solely by demand versus supply. You ensure that capacity is added in the proper city pairs where there is demand or a lack of supply. When you price where the competition is, you don’t actually spark price wars, but you do give buyers a lot of options, according to Iyer. Competitive airfares have an influence on airline yield. However, Akasa’s aim is to be more customer-focused.

Air India permits up to two dogs per flight. Dogs, cats, and birds are among them. They cannot, however, weigh more than 5 kg. Pets must be muzzled and restrained. Excess baggage fees are sometimes levied by airlines for transporting pets, however some, such as Air India, waive the tax for service dogs used by differently abled customers. Service dogs are not need to be kept in kennels and are permitted to accompany passengers with impaired eyesight and hearing. SpiceXpress, SpiceJet’s cargo arm, also transports pets as cargo.

Akasa Air to allow passengers to bring pets onboard but not triggering price war

At this time, Akasa’s fares are competitive. Profitability and sustainability are highly related concepts. We are only a company, and being a startup has numerous variables that contribute to our ability to remain continuously successful. It’s too early for us, and I wouldn’t say we’re not paying attention to it, but it doesn’t disturb or upset us at this point. Our goal is to ensure that the assets are deployed where there is demand and that the consumer is satisfied with the offering. As we grow our activities in the domestic market, our major goal will be to improve the customer experience.

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