Carriers Should be Permitted the Overbooking Practice: IATA

Posted By: Religare
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Global airlines body IATA has said that carriers should be permitted to continue with the overbooking practice as seats in a flight are a time sensitive and perishable product.

Carriers Should be Permitted the Overbooking Practice: IATA

The International Air Transport Association's (IATA) also said that the practice of overbooking flights was an important tool for managing inventory.

Commenting on the issue, an IATA Official told the media, "Airlines should be allowed to continue long-established overbooking practices. The airline business is unique in that once a flight takes off, the seats on that flight are no longer available for sale; it's a time-sensitive, perishable product."

As per reports, IATA also noted that airlines can, with a degree of certainty, overbook a flight considering the number of no-shows expected.

While stating that some governments are considering regulations which would restrict the overbooking practice, IATA said it is an economically important activity that should not be denied to the carriers.

Read more about: iata, airlines
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