3 ms·
Another solution is even more simpler. After all seats gets booked, they should clearly mark overbooked tickets as "probable" tickets and heavily discount it +
by sytelus 10y ago
Another solution is even more simpler. After all seats gets booked, they should clearly mark overbooked tickets as "probable" tickets and heavily discount it + refund it if not eventually available. Keep in mind that airlines don't make huge profits per flight. Giving away $10K to 4 passengers is like giving away 80 seats or about 10 to 20% of revenue which could be almost all of their profits for that flight.
- cbcoutinho 10y agoThose airlines take a risk by overbooking, and that risk can be penalized by a net negative profit if need be. If you're allowed to gamble, you need to be able to lose.
- awinder 10y agoYup, and moreover like any good casino it's pretty clear that they did the math already. That's why you're getting $800 fake bucks: they crunch figures on how much of that $800 they'd be on the hook for. If they gave you cash, I bet the inflection point where this entire overbooking scheme is actually fiscally worth it, becomes a losing proposal.
- farm_code 10y agoThis is how they do in Indian railways. We book tickets. If it's full, we get waiting list number which will be confirmed a day before or on traveling day. If not confirmed, it will be cancelled automatically and refund sent to your account.