India: Predatory airfare pricing going on, airlines will shut down if it continues
In the backdrop of Indian airline companies reporting huge losses in Q2 of 2019-20, aviation minister Hardeep Singh Puri said Tuesday that "some predatory pricing is taking place" in airfares and the govt is concerned that if this continues, more airlines will shut down. He, however, ruled out any govt plan to regulate fares. "People are selling tickets below their cost," Puri said. "One of our concerns is that if there is predatory pricing, then the airlines will stop functioning. This is not Air India's problem only. Jet Airways got shut down. Before that, it was Kingfisher airline," he said. Asked if the trend of predatory pricing has come down after regular discussion with the airlines, he replied, "Oh yes, absolutely. It is constant battle....Our advice to them is to charge realistic fares," he added. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-01-02/general/india-predatory-airfare-pricing-going-on-airlines-will-shut-down-if-it-continues
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India: Predatory airfare pricing going on, airlines will shut down if it continues
In the backdrop of Indian airline companies reporting huge losses in Q2 of 2019-20, aviation minister Hardeep Singh Puri said Tuesday that "some predatory pricing is taking place" in airfares and the govt is concerned that if this continues, more airlines will shut down. He, however, ruled out any govt plan to regulate fares. "People are selling tickets below their cost," Puri said. "One of our concerns is that if there is predatory pricing, then the airlines will stop functioning. This is not Air India's problem only. Jet Airways got shut down. Before that, it was Kingfisher airline," he said. Asked if the trend of predatory pricing has come down after regular discussion with the airlines, he replied, "Oh yes, absolutely. It is constant battle....Our advice to them is to charge realistic fares," he added. <br/>
