Hyderabad: The Travel Agents Association of India (TAAI) has expressed concern over the International Air Trnasport Association's (IATA) move to remit ticket sale proceeds to airlines every week would cripple the travel agents financially.
According to TAAI, the move is going to affect travel agents adversely, as they extend a credit up to three months to big corporate accounts, which constitutes nearly 60 per cent of the tickteing business. IATA recently directed travel agents to remit the ticket sale proceeds to airlines every week, instead of the current fortnightly span. TAAI president Iqbal Mulla said the airlines have also decided to impose a cost for using a credit card and henceforth, if customers desire to pay for airline tickets with their credit cards, they have to pay two per cent more than the ticket cost.
06/05/12 PTI/IBN Live
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