FAS WARNS RUSSIAN AIRLINES TO LOWER FARES

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By TESTCustomwebLP TESTCustomwebLP January 27, 2011 17:02

FAS WARNS RUSSIAN AIRLINES TO LOWER FARES

Russian Federal Antimonopoly Service (FAS) has stated that Russian airlines should reduce their ticket prices by 10-15% due cost savings after the withdrawal of aircraft fuel dealers from airports. In 2009, the government issued a resolution on non-discriminatory direct fuel sales by oil companies to airports for refuelling aircraft.

FAS head Igor Artemyev said: “In St.Petersburg’s airport, and in other airports, oil companies sell fuel directly without agents. As a result, the cost of fuel has fallen to 24% from 36% of the total ticket price in the last quarter. But our airline companies did not rush to cut ticket prices by the same 10-15%. Now we are doing it.”

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By TESTCustomwebLP TESTCustomwebLP January 27, 2011 17:02
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