3 ms·

Agree with your point, but a question regarding the graph: I guess care was taken to adjust for shorter (and hence cheaper) flights? If short flight started to

• JumpCrisscross 9y ago
  > was [care] taken to adjust for shorter (and hence cheaper) flights? The graph shows per-mile costs of flying [1]. If we measure same-route costs, we find "in the 50s, a flight from Chicago to Phoenix could cost $138 round-trip — that’s $1,168 when adjusted for" 2014 prices [2]. A quick Kayak search shows that route now flies for as little at $65 on Frontier or about $120 on e.g. United. That's a 95% price reduction at the lowest tier. (A P-class full-fare ticket on Delta is about $500. Given $138 in 1955 bought as much as $1,265 today [3], that's still a 60% real price reduction.) [1] https://www.theatlantic.com/business/archive/2013/02/how-airline-ticket-prices-fell-50-in-30-years-and-why-nobody-noticed/273506/ https://www.theatlantic.com/business/archive/2013/02/how-air... [2] http://www.huffingtonpost.com/2014/06/15/air-travel-1950s_n_5461411.html http://www.huffingtonpost.com/2014/06/15/air-travel-1950s_n_... [3] https://www.bls.gov/data/inflation_calculator.htm https://www.bls.gov/data/inflation_calculator.htm