If you were hoping to see a further decrease in the price of airline fares following a directive by government for airlines to drop their fares you may have to wait a bit further.
Government in June directed both domestic and foreign carriers operating from the Kotoka International Airport (KIA) to take immediate action to reduce their airfares to reflect the 20 percent reduction in the price of aviation fuel.
Months later none of the airline operators are yet to adhere to the directive. Aviation fuel accounts for about 45 percent of operational costs for airlines.
Chief operations officer of local airline operator Africa World Airline Appigy Afenu told Citi Business News a further decrease will only cripple the aviation industry.
"It�s very unfortunate that people will think that a reduction in aviation fuel prices should translate into lower fares." �Don�t forget when it was high we were still paying the same fares if they are low now it does not mean we are profitable ; we are still making losses,�� he said.
�It doesn�t mean it�s the lowest in the sub region indeed we are still the highest in the sub region,� he added.
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