New Delhi: Pricing of air tickets by domestic carriers runs at multiple levels that are in line with global practices and respond to market dynamics, the government said today.
In recent times, concerns have been expressed in different quarters about steep fluctuation in air ticket prices, with some even demanding capping of airfares.
"Air fare pricing forms the strategic framework of airlines to respond to the demand/supply and market dynamics through the Inventory Management Process," Minister of State for Civil Aviation Mahesh Sharma told the Rajya Sabha.
"The domestic airline pricing runs in multiple levels (bucket or Reservation Booking Designator) which are in line with the practice followed globally," he said in a written reply.
"The domestic airline pricing runs in multiple levels (bucket or Reservation Booking Designator) which are in line with the practice followed globally," he said in a written reply.
15/03/16 PTI/Economic Times
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In recent times, concerns have been expressed in different quarters about steep fluctuation in air ticket prices, with some even demanding capping of airfares.
"Air fare pricing forms the strategic framework of airlines to respond to the demand/supply and market dynamics through the Inventory Management Process," Minister of State for Civil Aviation Mahesh Sharma told the Rajya Sabha.
"The domestic airline pricing runs in multiple levels (bucket or Reservation Booking Designator) which are in line with the practice followed globally," he said in a written reply.
"The domestic airline pricing runs in multiple levels (bucket or Reservation Booking Designator) which are in line with the practice followed globally," he said in a written reply.
15/03/16 PTI/Economic Times
