4 ms·
Savings are passed on to consumers, in part. Airline fares are near all time lows.
by morgante 11y ago
Savings are passed on to consumers, in part. Airline fares are near all time lows.
- guelo 11y agoThe point is that gas prices collapsed last year but ticket prices did not drop.
- pvaclavek 11y agoWhy should the price of a ticket be neccessarily bound to gas price? Wouldn't most people pay the same price regardless of gas price?
- jonknee 11y agoWhen gas prices went up fares followed. When gas prices went down fares stayed the same (and profits soared).
- guelo 11y agoThe point of the article is that there is not enough competition. If there were more competition some of the profits would go to consumers instead of being hoarded by the companies.
- jonknee 11y agoYou can't directly compare fares because there are more people on the flights (thanks to all those mergers there is a lot less route competition and flights are now often at capacity), there are more seats per plane (remember leg room?) and they charge for things that they didn't used to (luggage, having a reserved seat, food, etc).