Sunday, September 06, 2015

No Predatory Fare in Airlines, Says Spicejet Chief

New Delhi:  If airlines have resorted to predatory pricing, they would not have made losses in the past 10 years. That's what Ajay Singh, chief of the low cost airline, Spicejet, told NDTV, responding to why airlines have not reduced fares despite aviation fuel dropping by as much as 40 per cent in the past one year.

"You know predatory pricing issue comes up every time there is a peak season and disappears every time there is a lean season," Mr Singh told NDTV. In the last 10 years, he said, airlines have been losing money.

"If airlines were really indulging in predatory pricing, you would have seen them making bumper profits and that's clearly not the case," he added.

Aviation regulator DGCA (Directorate General of Civil Aviation) recently conducted a study that shows airfares have come down over the last one year by 15-20 per cent."
07/09/15 Sandeep Phukan/
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