Angola’s TAAG announces price drop for domestic routes

5 February 2018

The price of tickets for domestic routes purchased in advance from Angolan airline TAAG will decrease by between 10% and 20% in the next two weeks, the carrier said in a statement released in Luanda.

The company added in the statement that it had carried out “an in-depth study” of the tariff policies applied to its domestic network and on those routes it had decided to approve the introduction of a “variable tariff” mechanism.

The measure was taken by the board of TAAG and is applied on all the airline’s domestic routes, with the exception of Cabinda, which already benefits from a special tariff approved by the government.

TAAG’s press officer, Carlos Vicente, said the decision was based on abandoning tariff indexation to the dollar after the National Bank of Angola (BNA) introduced a new floating exchange rate scheme, which allows the kwanza to fluctuate.

Indexing against the dollar, which is based on TAAG being a member of IATA, drove ticket prices up in January, when the Angolan currency, the kwanza, lost more than 28% of its value against the dollar. (macauhub)