Mumbai, Sep 13 (IANS): In a bid to lure back passengers, Jet Airways and Jet Airways Konnect have announced a 50 percent discount in fares for five days from Monday.

An official spokesperson for the airline confirmed this Sunday evening, hours after the airline started limping back to normalcy after the crippling five-day agitation of its pilots was called off around midnight.

The discount would be applicable on the total fare, which includes basic fare and fuel surchage. It would be valid for all bookings between Monday till Friday in the economy class on all domestic sectors, the airline said.

Incidentally, Jet Airways executive director Saroj Dutta announced that the private carrier had suffered a loss of over Rs.200 crore ($40 million) on account of the pilots' stir since last Tuesday.

Jet Airways, along with Jet Airways Konnect and low-cost carrier JetLite, makes the country's largest private airline with a fleet of 107 aircraft, 450 daily flights to 43 domestic and 20 international destinations.

With a pilot strength of nearly 1,800, Jet Airways carries over 25,000 passengers every day.

The pilots' stir ended amicably around midnight after the Jet Airways management decided to reinstate the four pilots it sacked recently.

It decided not to initiate any disciplinary action against the pilots who took part in the five days of mass "sick leave" agitation, and also to withdraw the contempt of court proceedings against them before the Bombay High Court.

On their part, the pilots said they would resume duties with immediate effect, with nearly 100 reporting for work Sunday.

They also agreed to the management proposal to sort out pending issues through a consultative committee that will include two directors and the chief executive along with two representatives of the pilots.