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Published on Thursday, February 20, 2020

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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