FARE WARS BETWEEN airlines will soon become a thing of the past and travellers should brace for higher ticket prices. Tata Group's move to merge its four airlines will give the industry a better control on capacity, which will lead to improved yields through higher airfares, Campbell Wilson, MD and CEO, Air India said on Monday.
Two players - IndiGo and Air India - will then control about 85% of the domestic market, thereby controlling prices. The two are looking to make timely additions to their fleets, currently at 960 aircraft. Speaking at the CAPA India Aviation Summit 2023, Wilson said," Pricing is a function of many factors, supply and demand, economic and demographic growth. There will be two significantly sized private airlines who have a responsibility to their shareholders to improve the financial returns."
Diese Geschichte stammt aus der March 21, 2023-Ausgabe von Financial Express Mumbai.
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Diese Geschichte stammt aus der March 21, 2023-Ausgabe von Financial Express Mumbai.
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