GENEVA: Airlines are price takers as they do not have an influence on the prices they pay, IATA Chief Economist Marie Owens Thomsen has said and highlighted that carriers' need to diversify their revenues is complicated by slim profit margins as well as weak balance sheets.
In a fast-growing aviation market like India where the air traffic demand is on the rise, there are persistent concerns about airfare trajectory and suggestions from various quarters to make air tickets more affordable.
Discussing overall airfares and the costs of airlines, Thomsen said airlines do not have any influence on the prices they pay.
This story is from the December 16, 2024 edition of Millennium Post Delhi.
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This story is from the December 16, 2024 edition of Millennium Post Delhi.
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