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