Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.

Airlines / Aviation

11,588.35-73.5
Stock Analysis, IPO, Mutual Funds, Bonds & More

Airlines, govt discuss the issue of competitive fares

The issue of fares has been raised at a time when the industry is entering into third quarter, which is a high demand period for the airlines.

ET Bureau|
Updated: Sep 13, 2019, 06.35 AM IST
0Comments
BCCL
Airport---BCCL
Representative Image
NEW DELHI: Concerned over sustainability of airlines, the government on Thursday discussed the issue of competitive fares with domestic carriers. Government sources said the airlines raised the issue of aggressive pricing on several routes that becomes unsustainable. “They said the aggressive pricing, at times, impacts sustainability of airlines,” said a government official present in the meeting.

The official added that the government was looking into the issue. The issue of fares has been raised at a time when the industry is entering into third quarter, which is a high demand period for the airlines.

Domestic airlines, which earned better yields during the first quarter on the back of grounding of Jet Airways, have been complaining of low fares during the second quarter, which is also considered a non-peak period for the airlines. This issue, along with various others, was raised in the first official meeting of aviation ministry Hardeep Singh Puri on Thursday.

Also Read

DGCA probe finds ‘alarming practices’ by some airlines

Airlines rush to fill in Jet’s space

Air India buyer may be allowed to rename airline

Strains that sank Thomas Cook weigh on European airlines

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service