Competition Commission on alert for price gouging after Comair suspension
Watchdog is monitoring airline ticket prices in SA after Comair suspends operations due to a liquidity crunch
02 June 2022 - 23:28
SA’s competition authority said on Thursday it was monitoring airline ticket prices after Comair suspended operations this week due to a liquidity crunch, sparking fears that the remaining airlines could take advantage of reduced supply and hike fares.
The Competition Commission — a key statutory body mandated to investigate abuse of dominant positions and mergers in order to achieve equity and efficiency in the economy — said it had met with airlines Lyft, FlySafair, Airlink and SAA amid concerns that the move by Comair to halt operations could lead to a spike in airline ticket prices...
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