New Delhi: The Competition Commission is looking at algorithms used by airlines to determine fares, as part of a detailed probe into alleged fixing of air ticket prices, according to its chief Sudhir Mital.
Currently, the fair trade regulator is investigating allegations of similar pricing as well as simultaneous increase in ticket prices by the airlines. The cases pertain to steep fluctuations in airfares during the Jat agitation in Haryana and floods in Chennai, among other instances, in the last few years.
Mital, chairperson of the Competition Commission of India (CCI), said that it is currently looking into couple of cases of alleged price fixing by airlines.
"We are trying to work out the pricing pattern followed by airlines. Airlines have often stated that similarity in airfares as well as increase in prices is an outcome of demand based dynamic pricing by the softwares used by them.
"Unless and until the issue is examined and looked into in detail, we cannot say much at this stage," Mital told PTI in an interview.
01/11/18 PTI/Business Standard
To Read the News in full at Source, Click the Headline
Currently, the fair trade regulator is investigating allegations of similar pricing as well as simultaneous increase in ticket prices by the airlines. The cases pertain to steep fluctuations in airfares during the Jat agitation in Haryana and floods in Chennai, among other instances, in the last few years.
Mital, chairperson of the Competition Commission of India (CCI), said that it is currently looking into couple of cases of alleged price fixing by airlines.
"We are trying to work out the pricing pattern followed by airlines. Airlines have often stated that similarity in airfares as well as increase in prices is an outcome of demand based dynamic pricing by the softwares used by them.
"Unless and until the issue is examined and looked into in detail, we cannot say much at this stage," Mital told PTI in an interview.
01/11/18 PTI/Business Standard
0 comments:
Post a Comment