Quote:
Originally Posted by jammies
Was there a drastic reduction in fare costs when the airlines first started to overbook? Hah!
Fare costs are driven by many factors, the small increase in cash inflow airlines gett from overbooking isn't going to jack fares up much, if at all, if disallowed.
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On an average flight, 5 per cent of passengers do not show up. Sometimes, that number is as high as 15 per cent. The profit margins on air travel are razor-thin.
https://techcrunch.com/2017/04/11/overbooking/
Air travel today is incredibly cheap compared to 30 years ago. We complain about the ordeals of flying, but I doubt many people want to go back to the days of only the affluent being able to afford to fly.
https://www.theatlantic.com/business...oticed/273506/