US LOOKS AT SCRAPPING FARES REGULATOR

: Latest News; Friday, 14 July 2006

The US Transportation Department has proposed lifting an antitrust waiver for the International Air Transport Association (IATA), the group that sets air fares and air cargo rates, according to a report in the LA Times.

The proposal to eliminate the involvement of the IATA in pricing would affect flights between the United States and Australia.

The change could open key trans-Atlantic and Pacific markets to more price competition, potentially leading to lower fares and more choices for consumers and shippers, U.S. regulators said.

US LOOKS AT SCRAPPING FARES REGULATOR

Latest News

Friday, 14 July 2006

The proposal to eliminate the involvement of the IATA in pricing would affect flights between the United States and Australia.

The change could open key trans-Atlantic and Pacific markets to more price competition, potentially leading to lower fares and more choices for consumers and shippers, U.S. regulators said.