Transport Minister Datuk Seri Wee Ka Siong has assured Malaysians that the Malaysian Aviation Commission (Mavcom) will regulate flight ticket prices ahead of the 15th General Election (GE15). This is to ensure that airlines would not hike up prices arbitrarily to take advantage of the surge of travellers going back to their hometowns to vote.
As reported by Bernama, Wee stressed that although flight ticket prices would normally increase according to the Dynamic Price Mechanism if there was an event involving a large number of passenger movements, Mavcom can take action if airlines raise their prices against the set conditions. This is in response to allegations by various parties that airline ticket prices had doubled following GE15.
The Transport Minister elaborated on the matter during the launch of the Taxi4U application at the Land Public Transport Agency’s (APAD) central region office in Kuala Lumpur on Thursday (20 October 2022). Wee was quoted as saying,
“Based on the dynamic pricing mechanism for any airline in the world, the earlier it (the ticket) is booked, the cheaper it is and the closer to a date or event, the price will be higher,”
Previously, the Election Commission (EC) announced that polling day for GE15 will be held on 19 November 2022. Besides that, the EC also announced that early voting would take place on 15 November while nominations would be held on 5 November.
So, what do you guys think of the statement by the Transport Minister? Have you noticed a surge in flight ticket prices since the announcement of GE15? Share your thoughts and experiences with us in the comments!