Indonesia anti-trust agency finds 7 airlines guilty over ticket prices – ZAWYA

Indonesia anti-trust agency finds 7 airlines guilty over ticket prices – ZAWYA

Indonesia anti-trust agency finds 7 airlines guilty over ticket prices Indonesia anti-trust agency finds 7 airlines guilty over ticket prices | ZAWYA MENA Edition HomeLegalCommercialArticleIndonesia anti-trust agency finds 7 airlines guilty over ticket prices Rising air ticket prices in 2019 triggered inflationary pressures in the country's economy    An official rides a bicycle as he passes Garuda Indonesia's Boeing 737 Max 8 airplane, parked at the Garuda Maintenance Facility AeroAsia, at Soekarno-Hatta International airport near Jakarta, Indonesia, March 13, 2019.JAKARTA - Indonesia's anti-trust agency has found seven airlines guilty of hurting consumers by lifting airfares at the same time last year, but the carriers were not found to be acting as a cartel, the agency said in a statement late on Tuesday.Rising air ticket prices in 2019 triggered inflationary pressures in Southeast Asia's largest economy and impacted the hospitality business across the archipelago.The agency, known by its Indonesian abbreviation KPPU, found Garuda Indonesia, its unit Citilink, rival Lion Group's Lion Air, Wings Air and Batik Air, as well as Sriwijaya Air and its subsidiary NAM Air guilty of "concerted action or parallelism", which means they followed one another's moves in setting prices and discounts.Rising air ticket prices in 2019 triggered