High air fares under review

In an interview with UK newspaper, The Financial Times (FT), Adina Vălean, the European Union’s transport commissioner revealed that the European Commission was examining the recent rise in air fares across Europe over the summer period.    Although the Commission has no power to regulate air fares, the commissioner is seeking more details of the industry dynamics that has led to higher prices.  “We cannot go as a regulator into micromanagement of prices or imposing that, I don’t think this is doable or desirable,” Vălean told the FT. “On the other hand, what I as a regulator worry [about] is that