Brussels is probing the recent rise in air fares across Europe after airlines pushed up prices by as much as 30 per cent over the summer, leading to bumper profits.
Adina Vălean, the EU’s transport commissioner, told the Financial Times that EU officials were “looking into detail . . . of what is exactly going on in the market and why”.
The European Commission does not have the power to regulate air fares, but Vălean’s intervention adds to pressure on airlines over the recent price rises, triggered by a travel boom and supply chain issues. She said she was seeking explanations from airlines about the rise in fares and the potential barriers to connectivity in the bloc.
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