The Competition Commission of India has reportedly launched in inquiry into the nation’s airfare costs following sharp hikes and dips in prices.
The CCI has previously probed plane ticket costs to examine whether cartel behavior is leading to higher prices, but has not found evidence of collusion. Now, a source said the regulator is again looking at the industry following a reference from Parliament to do so.
While earlier investigations into the matter lead the CCI to find that airfare prices accurately reflected supply and demand trends, this year has seen greater fluctuations in costs. Reports say Spicejet first launched a price war against its competitors following the entry into the market by AirAsia India. AirAsia first began operations last week and had increased hype regarding its launch by promising tickets at 35 cents cheaper than rival rates.
Full content: Money Control
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FCC Set to Reinstate Net Neutrality Rules Today
Apr 25, 2024 by
CPI
Chamber of Commerce Sues to Overturn FTC Non-Compete Ban
Apr 24, 2024 by
CPI
FTC Chief Warns of Healthcare Price Fixing Risks Amid Tech Advancements
Apr 24, 2024 by
CPI
Amazon’s Investment in Anthropic Faces Antitrust Scrutiny
Apr 24, 2024 by
CPI
Italian Antitrust Authority Fines Amazon €10 Million for Unfair Trade Practices
Apr 24, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI