Ministry Urges LCC to Keep Airfares at 50% below Upper Limit
Transportation Minister Budi Karya Sumadi appealed to the low-cost carrier (LCC) to adjust airfares following his ministry's plan to cut the top tariff limit for airline tickets by 12-16 percent.
"We urge budget airlines to adjust rates; at least provide a 50- percent tariff space from the upper limit rate," the minister said here on Monday night, May 13.
He said he had taken into account several components in the price structure that form airfares before deciding to cut the upper limit rate. He guarantees that the policy will not disrupt the financial health of an airline.
Read full story: en.tempo.co
Posted: 14 May 2019 23:28:27