United Kingdom
United States
Asia Pacific
Indian airlines reportedly cleared in price fixing investigation
Indian airlines have likely escaped hefty fines after the competition watchdog reportedly found no evidence of a price cartel trying to fix ticket prices.
The Competition Commission of India ordered an investigation after allegations of anti-competitive practices by IndiGo, SpiceJet, GoAir, Air India and now-bankrupt Jet Airways.
It came after suspicions over collusion as all airlines were offering similar fares on certain competitive routes.
The probe dates back to 2014.
According to multiple unnamed sources cited by Reuters, the CCI probe looked at the revenue management practices and algorithms used to set prices.
It said all of the airlines were working independently and it found no evidence of communications between airlines over price fixing.
It will come as a relief to the airlines.
If found guilty they could have been fined up to 10% of their annual revenue.
The commission still has to issue a final ruling but the sources say the airlines will likely be cleared.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
EU airports bring back 100ml liquid rule
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Co-pilot faints, easyJet flight issues ‘red alert’
Dozens fall ill in P&O Cruises ship outbreak
Woman dies after getting ‘entangled’ in baggage carousel