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A new report from KPMG predicts that airfares are likely to increase significantly over
the next few years. According to Amber Dubey, director for aviation, an increase in airfare
is foreseeable as a result of an increase in service taxes. Airlines spend a significant
amount of money on utilities, rents and prom"otional campaigns. Higher services taxes will have
a profound impact on a number of these costs. Although Dubey finds that burdens from an
increase in service taxes will mostly be placed on the customer, there are other concerns
which he didn't discuss in detail. For the complete article, please go to Big4.com