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.
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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.
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