§ Mr. Anthony Grantasked the Secretary of State for Trade whether he has given approval to the increase1 in North Atlantic air fares which are being introduced by IATA airlines.
§ Mr. SproatThese increases have been approved by my Department after very careful scrutiny by the Civil Aviation Authority. A move back towards profitability is essential if competitive market conditions on North Atlantic routes are to be maintained. However, it will be necessary to exercise particular vigilance over future proposed fare increases on the North Atlantic in order to maintain the Government's policy of striking a balance between the benefits of competition for the consumer, on the one hand, and, on the other hand, stability and profitability for the airlines.