Sunday, July 14, 2013

Carriers may have to reveal seats sold in all price bands

New Delhi: Declaring "shock and awe" low fares alone will not suffice for airlines. They may soon have to disclose how many seats were actually sold at various price levels, including the jaw-dropping low ones.
The aviation ministry is set to form an economic cell that will collect this information from airlines and make it public. "If an airline says it is going to sell tickets for Rs 2,000 or Rs 3,000, people should also know many tickets did it actually sell for that money. The new cell is going to be activated in two weeks and will get all this data from airlines. We will make public how many seats were sold at various price levels," aviation minister Ajit Singh told TOI.
The move comes just ahead of the launch of the Indian subsidiary of low cost carrier AirAsia which is known to stimulate the market by really low advance fares.
14/07/13 Saurabh Sinha/Times of India