Carriers Should be Permitted the Overbooking Practice: IATA

Posted By: Religare
Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    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
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more