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Travel agents will now charge customers a transaction fee on each ticket instead of getting paid by
Tuesday, November 11, 2008 ibnlive.in.com
(
Business
)
Mumbai: The bad news just doesn’t seem to end for 62-year-old Cyrus Korakhiwala (name changed on request), a Mumbai-based travel agent. In the last few months he has seen his margins erode steadily.
First, the hike in air fares, amidst stock market crashes and bomb blasts in Indian cities, saw a drastic drop in passenger traffic. Then his biggest client, the Indian office of a multinational bank,
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Mumbai
Cyrus-Korakhiwala
Air-India
Jet-Airways
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