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Air Carriers Remain `Healthy` Despite Lowered Airfare Upper Cap

14 May 2019 23:29:37

en.tempo.co

Transportation Minister Budi Karya Sumadi announced that he has thoroughly considered every element involved prior to lowering the upper-cap of airfares and guarantees that the policy will not negatively affect air carrier’s financial health.


“The nominal has factored in airline carriers’ security, Insyallah (If God permits) they will continue to be 'healthy',” said Budi in a meeting at the Coordinating Ministry of Economic Affairs headquarters on Monday.


One of the elements that helped convince the ministry to lower the upper cap fare is the decreasing prices of jet fuel (avtur). Other elements include flight occupancy and on time performances of air carriers and airport management that are relatively improving.


Read full story: en.tempo.co

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