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The big difference is that back in the day we had the interstate commerce commission establishing a minimum ticket price so that airlines didn't have to engage
by Symmetry 4y ago
The big difference is that back in the day we had the interstate commerce commission establishing a minimum ticket price so that airlines didn't have to engage in "ruinous" price competition. Everyone had to pay what would now be business class ticket prices but everybody got business class service because that was the only thing airlines could compete on.