Airline fares will go up next January because of rising fuel costs. That was the?
Airline fares will go up next January because of rising fuel costs. That was the forecast made in Manila in the Philippines at the opening of the International al Air Transport Association's (IATA) thirty-fifth annual meeting. However fare increases are only recommendations and airlines are not bound to follow them, under the new IATA structure. Attempts to bring open competition to the airline market were criticised by several speakers who urged multilateral cooperation in the face of rising oil prices and supply problems. The President of the host country Ferdinand Marcos welcomed the delegates.