New Delhi: Amid rising concern over steep fluctuations in airfares, the Civil Aviation Ministry has said that neither "extortionary" nor "predatory" pricing of tickets is acceptable.
The Ministry is, however, yet to take a call on whether there is a need to assign thresholds for airfares.
"We would have preferred that airlines do not keep (ticket) prices high. We expect airlines to bring discipline on their own... Opportunistic pricing, whether it is extortionary or predatory is not acceptable," a senior official said on Wednesday.
Interestingly, aviation watchdog DGCA recently said the average fare of domestic carriers during peak demand seasons was closer to the minimum fare.
"The average fare is closer to the minimum fare being offered by the airlines indicating that most of the tickets sold by the airlines are not at exorbitant price," DGCA had said after analysing the fare movements during 2014.
10/06/15 PTI/Daily News & Analysis
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The Ministry is, however, yet to take a call on whether there is a need to assign thresholds for airfares.
"We would have preferred that airlines do not keep (ticket) prices high. We expect airlines to bring discipline on their own... Opportunistic pricing, whether it is extortionary or predatory is not acceptable," a senior official said on Wednesday.
Interestingly, aviation watchdog DGCA recently said the average fare of domestic carriers during peak demand seasons was closer to the minimum fare.
"The average fare is closer to the minimum fare being offered by the airlines indicating that most of the tickets sold by the airlines are not at exorbitant price," DGCA had said after analysing the fare movements during 2014.
10/06/15 PTI/Daily News & Analysis
