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> If that isn't clear, here's an example. Say the planes have a capacity of 100, and on average 2 people fail to show. A sells 100 tickets for $100.00 each. B s
by pif 10y ago
> If that isn't clear, here's an example. Say the planes have a capacity of 100, and on average 2 people fail to show. A sells 100 tickets for $100.00 each. B sells 101 tickets for $99.02 each.
As usual, people striving to save one dollar no matter what (in this case, giving up the certainty of flying) are the problem.
- rlpb 10y agoIt could be much more than one dollar. Those were my made up numbers to demonstrate the principle, not any kind of indication of the magnitude of the real numbers. > As usual, people striving to save one dollar no matter what (in this case, giving up the certainty of flying) are the problem. It's not necessarily a problem. Flyers can choose between certainty of flying and other nice things that cost money. Most appear to choose having other nice things instead. Southwest is banking on flyers choosing the other way. There may well be space for both approaches in the market.
- pif 10y agoAre you aware of any airline that exploits overbooking while letting you choose a "no-overbooking-for-my-seat" fare?
- ghaff 10y agoNot explicitly, but I'm guessing that if you've paid for business/first, there is some small chance you'll be bumped back to economy (as in the story making the rounds a few weeks back) but probably a vanishingly small chance you'll get bumped off the plane entirely.