Saturday, September 30, 2006

There’s camaraderie in the air

Mumbai: As stiff competition and mounting operating costs take a toll on the profitability of airlines, the aviation industry is attempting to come to a consensus on exercising prudence in cost management and keeping irrational pricing under check.
After taking a collective decision on passing on the impact of rising jet fuel costs to the consumers in the form of fuel surcharge, airlines present at the Centre for Asia Pacific Aviation (CAPA) symposium on Friday said they would not pass on the cut in the aviation turbine fuel (ATF) prices (which may be implemented from October) by reducing the fuel cess.
Airlines are also trying to put a price regime in place, which does not allow any of them to push up fares a few days before the closing date of booking.
29/09/06 Praveena Sharma/Daily News & Analysis
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