The Effect of Credit Card Fraud on Low Cost Carriers

Credit cards fraud and their effect on the LCC Manyis hanging in the balance currently with industry
Low Cost Carriers have emerged in the Indian andwatchers claiming data theft, identity theft and misuse
neighboring skies and allied business reports have beenof credit cards to buy cheap LCC tickets and sell
filtering in ever since as to their positive and negativethem at premium prices being a real headache for
role-play in what can be the possible future of thegenuine flight operators. Understanding the concept,
travel industry, related fields of business andconsequences and impact of credit card fraud on the
passengers. However, while most of the world at largeLCC The travel industry has fast realized the negative
is rejoicing at the prospects of big savings and biggerconsequences of launching a customer friendly
special discounts given by these LCC's to regular,scheme of ticket-purchase via credit cards as many
middle class customers that couldn't have affordedbig players have burnt their fingers and reputation, in
air-travel before this option emerged, there istrying to uphold their market image after the sudden
wide-spread panic within the LCC providing services:impact of credit card fraud on the LCC has been
the impact of credit card frauds on the LCC being thepublicized. The management of LCCs and that of
greatest cause of concern for the travel industry. Thesmaller travel agencies where sometimes the booking
impact of credit card fraud on the LCC and how it hasis outsourced to, as affiliate partners have been under
led to a greater necessitation for enhanced datacloud as reports of credit card fraud in the travel
security and safer means of alternate transaction ofindustry have costing the airline industry about $1.5
tickets for LCC customers and corporate ticket buyingbillion annually filter in!